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


To: Donald Wennerstrom who wrote (6774)11/6/2002 11:48:51 PM
From: Return to Sender  Respond to of 95616
 
I agree 100%. It would be interesting to compare the charts that Vesselin put together and compare them to October 1998. All throughout this rally every sell off has been bought. There are not enough indicators here that say we are at a short term top.

investorshub.com

But that does not mean we cannot at least consolidate some.

RtS



To: Donald Wennerstrom who wrote (6774)11/7/2002 8:12:58 AM
From: Sarmad Y. Hermiz  Read Replies (3) | Respond to of 95616
 
>> We might see some market pullback here in the very near future.

Don, The bears are overlooking the fact of better economic numbers since the October bottom. That bottom was caused by a large spike in unemployment claims.

The recovery since then is associated with drops in new claims. Today we get a new claims number which is expected to be 10,000 smaller. If claims are under 400,000 I think that will mute any angst re Cisco. Besides all they said that could be negative is that they will make just another measly $billion next Q. I guess that is a big reason to dump the stock.

Add to that the rate cut which will translate into many $billions in reduced mortgage that will be redirected to consumption. That should keep the economy afloat for a few more months at least.

Sarmad