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

To: michael97123 who wrote (12889)	1/2/2004 3:46:23 PM
From: Return to Sender	Read Replies (3) \| Respond to of 95572

Mike, I will be honest with you in saying that I believe the dow is tremendously overextended and near the top of its trading range. However I don't believe any number like 10500 has anything magical, or that 10500 is a number that even grounded in reality is overly special, to keep the market from advancing under the right set of circumstances. I believe the market is due to consolidate for a week or so. Perhaps the next two weeks. We are too overbought in my humble opinion. I base this opinion on the high RSI reading and the low TRIN reading in combination with a number of other indicators. The charts linked to the post here show that there is nothing special about 10,500 on the dow if you ask me. investorshub.com RtS