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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (5976)	10/9/2002 11:13:04 AM
From: Return to Sender	Read Replies (2) \| Respond to of 95525

I have buy orders in place for TXN at 13.30, XLNX at 13.50, LLTC at 18.75 and DUK at 16.75. I'm already in AMAT at 10.39. My reasoning is simple. The VIX is once again approaching a swing above 50. This is a high level of fear. A fear level that is likely unsustainable. We are getting closer to November and a more favorable time of year for the market. Next week when earnings begin to be announced we will likely get a good run higher in most of these stocks. Especially if overall guidance from reporting companies is not too bad. Six month VIX Chart: stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10][vc60][iUb14!Uk14!La12,26,9]&pref=G Also Bullish advisors compared to Bearish ones are just about to cross over. This chart should be updated by tomorrow: vtoreport.com Finally all the contrarian indicators show a deeply oversold market which can of course get more oversold but I'm betting not much more: capitalstool.com The end result is we do not get capitulation here but we do rally off of another short term bottom. How far the rally goes depends on a lot of factors but most of the stocks I am looking to buy will likely run back to their 10 day moving averages perhaps their 20 day moving averages. If the earnings news and guidance is good enough they will run even higher to the upper Bollinger Bands. Ultimately until we have the situation in Iraq under control we will not have seen the end of the Bear Market in my opinion. All the above are my not so humble and all too often wrong opinions. RtS