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

To: michael97123 who wrote (12892)	1/2/2004 10:55:41 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95587

I think it is a mistake to think in particular number terms until we reach well defined support levels. What I am looking at is simply that the stochastics are overbought. We need to see oversold stochastics. A test of some of the moving averages and perhaps but probably not a test of the lower Bollinger Bands. It generally has taken about ten to eleven trading sessions for the market to consolidate from a local top throughout this advance. During that time the stochastics should move from overbought to oversold. We will get other indicators screaming oversold at that time as well. JMHO, RtS