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


To: Gottfried who wrote (6108)10/12/2002 12:47:11 PM
From: Return to Sender  Read Replies (3) | Respond to of 95479
 
I agree with you Gottfried. Technical bounces aside it seems that most of those "powers that be" are going to continue to hit the market with one negative news story after another until we see a classic capitulation.

Oh I wanted to address an obvious mistake I made in a post earlier. 284 is the 50 day moving average for the SOX. It is the 50 day moving average, not the 200 day moving average, all the way up at 449, that is likely to cap this current advance:

stockcharts.com[w,a]dhclyiay[pb50!b200!d20,2!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G

RtS



To: Gottfried who wrote (6108)10/12/2002 3:00:47 PM
From: Alastair McIntosh  Read Replies (1) | Respond to of 95479
 
G, I'm not sure that publishing the story in the Wall Street Journal could be called "keeping the issue on the back burner". Here is a link to the story as published by Dow Jones News Services:

Message 18104273

Not to worry, however. Losing 1/3 of shareholders equity is merely a "technical adjustment".