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

To: Donald Wennerstrom who wrote (12680)	12/4/2003 1:38:45 PM
From: Donald Wennerstrom	Respond to of 95567

This is a recent update on market action from Briefing.com <<13:29 ET Nasdaq Composite sets to new session low (COMPX) 1955 -4.35: -- Technical -- Index proved unable to crack a minor resistance mentioned this morning in The Technical Take at 1972 with new session lows recently established. Currently holding near support in the 1954/1953 area (congest, 38% retrace of run off Nov low) but need to see sustained action back above the 1962/1963 area to improve the intraday pattern. Secondary resistances are the early high and 1977/1979. Failure leaves the door open to next support at 1944 (20 day exp avg, March/Aug trendline).>>

To: Donald Wennerstrom who wrote (12680)	12/4/2003 1:43:46 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95567

Don, there is nothing happening here that is inconsistent with short term profit taking in my humble opinion on NSM and elsewhere. Worst case scenario for the immediate future is that we get a buy the dip opportunity below 500 with 495 or so being the optimal target for the SOX: 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] I'm going to try to give the market a few more days to get there while my short term indicators move back to showing a better buying opportunity for the long side of the market. JMHO, RtS