Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BMcV who wrote (15374)	5/24/2004 8:56:56 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95610

<<By the way, SOX closed today right at the 460 that was the focus of a lot of technical analysis a few weeks ago.>> From January, the SOX is down about 100 points, or 18 percent. Some of the stocks within the SOX, as an example, AMAT and NVLS, hit their highs in November and are down more like 28 and 35 percent respectively. To me, that seems to be a pretty substantial "pullback" already, particularly in the face of rising bookings in the last 6 months with the "promise" of more to come in at least the next 3 months. The economy seems to be gathering momentum to go forward further rather than "crashing and burning". My point is, we may have had our "cycle" already and are close to turning around. That is what we need to watch for going forward from here. Don