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

To: Kirk © who wrote (8869)	3/3/2003 6:36:39 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95765

Kirk, I think the cross overs on the moving averages producing what is called a bowtie is an earlier buy or sell indicator than using the 50 and 200 day moving averages alone: stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14] Note the short term moving averages have been moving higher trying to form a cross over but the 50 day sma was too hard to hold so far. If the short term averages were to continue higher with the SOX continuing to rise eventually those averages were serve as support as they cross over the longer term averages. Can that happen now? I don't think so but I'm always the first to admit I could be wrong. Getting the SOX above the 50 day moving average would not be out of question since that has happened many times these last few years. Today, getting above the 200 day sma seems completely out of reach but obviously I don't think that has to be the case indefinitely. Far too often we get lost in the individual performance of the stocks we invest in. Without the support of the SOX moving higher it's going to be darned difficult to expect any semiconductor stock to move up. For that matter without the SOX rising I don't think Internet stocks can go up for long. It really does not matter if the tail is wagging the dog or visa versa they are all connected and perform well or poorly together far more often than not. RtS