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

To: Donald Wennerstrom who wrote (10924)	8/10/2003 9:19:41 PM
From: Kirk ©	Read Replies (1) \| Respond to of 95834

Have you seen these charts I've shown of the WLI vs the Market Averages for the past yr? suite101.com For awhile they were tracking very well. Now the economic indicators for the future are saying "even better ahead" yet the stock market is saying "I don't believe it, show me the money!"

To: Donald Wennerstrom who wrote (10924)	8/10/2003 9:35:34 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95834

Don, the problem with expecting the market to stay within a trading range is that the SOX must immediately break back above its 50 day moving average for that to happen. Of course you probably were not referring to our recent trading range which was trending higher. We are now in danger of setting a new downward trend. I'm not sure that it will be evident right away. That's why I took out a long position in AMAT to balance my short. I do think down is the path of least resistance after earnings are reported on Tuesday for AMAT and the SOX. Of course I will be the first to admit that we would have to fall a long way before we actually left the larger trading range. The article you posted was excellent. I always preferred IBD to the WSJ but I could never get it until the day after where I live. BPNDX needs to reset to buy levels seen in previous years in September and October if possible for me to get really excited about buying: investorshub.com But the sellers really are not showing up in force just yet. So far we are just seeing less buyers. RtS