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

To: Donald Wennerstrom who wrote (10928)	8/10/2003 10:42:51 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95834

I want to echo the sentiments of Michael Happel. Your tables are incredibly enlightening. Who could possibly explain the inability of analysts to nail down actual upcoming earnings in their expectations. They are so wrong so much of the time. As for the market charts I run numerous charts each night. Now I know that many might consider the Bank Index to be somewhat off topic but a quick glance at its monthly chart shows a top is most likely in place: stockcharts.com[l,a]mhclynay[d19950101,20031231][pb50!b200!d20,2!f][iub14!lp14,3,3!lah12,26,9] Now lets see how the Bank Index and the SOX tend to trade in a side by side comparison: finance.yahoo.com^BKX&d=c&k=c1&c=^SOXX&a=v&p=s&t=1y&l=on&z=m&q=l The Bank Index is very important to market strength in general and although I expect a bounce is possible the BKX is just as likely to trade back below 700 in my humble opinion as it is to break out to any new highs before that happens. Now take a look at the NASDAQ Composite Weekly Chart: stockcharts.com[h,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14] It's a long way down to that lower Bollinger Band even though it is rising. It may not be touched for a long time to come. The biggest thing that concerns me about the potential for the market to continue to fall is the recent high level of put buying combined with a stubborn falling VIX. In addition the TRINQ is generating a buy signal. No TRIN buy signal yet though. RtS

To: Donald Wennerstrom who wrote (10928)	8/11/2003 9:48:17 AM
From: Kirk ©	Read Replies (1) \| Respond to of 95834

Kirk, I tried to go to your site, but for some reason I was refused access, but let me comment on your statement about the stock market. Sorry, it went down right after I posted that and took a few hours to come back up. Here is the link again to the WLI charts suite101.com <yet the stock market is saying "I don't believe it, show me the money!"> I happen to be one that agrees with the stock market right now. But this time the WLI growth rate is approaching 1982 levels which did not happen last year. Take a look at Lakshman's chart from Friday suite101.com Do you remember what happened in 1982? Kirk