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

To: Gottfried who wrote (6119)	10/12/2002 10:48:10 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95479

Gottfried, take a look at the SOX chart from 1998 when the market hit bottom: stockcharts.com[h,a]daclyyay[d19980812,19990112][pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9]&pref=G All the moving averages were much closer to the bottom than they are now. They had time to flatten out. I think that is a big difference: stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9]&pref=G RtS

To: Gottfried who wrote (6119)	10/12/2002 10:54:29 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 95479

>> People are desperate to find historic precedents] I'm desperate to get some relief from these discouraging drops. And I'm glad to note that my accounts are now only 40% down, instead of 50% on Wednesday. But, I'm bracing for this recovery to reverse to the down side like all the preceding ones. Generally I'm very optimistic. But I just don't see anything good on the horizon. Neither from the economy side, or the political side. I just hope the 40,000 reduction in unemployment claims does not turn out to be totally a mirage. Then the headline next Thursday will be "New Claims increase by 60,000 - the largest increase in history". Unfortunately, WDC (my largest holding) reports on Thursday before the market opens. I'm expecting a real good earnings result. But I also think it will get swamped by the economic news. Sarmad