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

To: Gottfried who wrote (8244)	1/27/2003 11:36:09 PM
From: Return to Sender	Respond to of 95748

SNIP: Same Story, Same Result By Steve Price asianinvestoronline.com While the Dow, SPX and OEX all took out their December 31, 2002 lows on Friday, the Nasdaq Composite and NDX actually held above those levels. If there were going to be a bounce in the broader markets, those December 31 lows of 1335 (1327 intraday) in the COMP and 984 (977 intraday) in the NDX, certainly appeared as though they would be logical points from which to bounce. The COMP did not hold at that level, taking out the relative low and closing at 1325, ten points below the Dec. 31 close and even below the intraday low. The NDX, however, held just above that level, finishing the day at 986. The chip stocks, which have led the tech indices in recent months, gave up additional ground, with the Semiconductor Index (SOX) falling another 4 points today. More importantly, though, the index fell through yet another recent support level and the most significant level from which we could have expected a bounce before entering a vacuum that appears as though it could lead to a re-test of October lows in the low 200s. On the plus side the futures look pretty good tonight. www2.barchart.com RtS