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

To: The Ox who wrote (9959)	6/3/2003 12:12:59 AM
From: Return to Sender	Respond to of 95640

>However, as we approach the major resistance levels, like we saw today, pullbacks should be not only expected but are a great short term opportunity to play the "dark side".< I'm short ALTR at 19.05 and AMAT at 15.62. Looking at monthly charts I can still see another potential dip for AMAT below 11: stockcharts.com[h,a]meclyyay[d19960101,20031207][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G ALTR looks much better after 4 solid months of accumulation with rising volume: stockcharts.com[h,a]meclyyay[d19960101,20031207][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G I would not be surprised to see the SOX fall back below 340 to near 330 but there is a lot of positive momentum still in play until we see rising volume in the market on sell off days. 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] Today may have signaled a short term market turn: thetechtrader.com But it has not been confirmed as a trend change by a longshot so your upside targets certainly are not out of the question. RtS