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

To: Return to Sender who wrote (10926)	8/10/2003 10:39:37 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95834

RtS, I may be surprised yet, but I become more convinced each day that we have another downward trending market ahead of us for the next couple of months or so - at least as far as the NASDAQ goes. I think we could easily go to NASDAQ 1400 or so by October - just like last year the trend is down, because the "capital equipment recovery" is not here yet - who knows when it will arrive? - I think the jury is still out on the answer to that question. Incidently, several stocks in the Group are "rolling over" like KLAC. It is pretty easy to see by cycling through the Group charts. Also, remember that the SOX is a price weighted index, therefore, KLAC being the highest priced member of the SOX has the most influence over the SOX for a specific percent reduction in the stock price. Don