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

To: The Ox who wrote (15462)	5/28/2004 4:42:06 PM
From: BWAC	Read Replies (1) \| Respond to of 95632

<Mr. Softy is ready for a move up > MSFT will lag until they return about 75% of the current, unneeded for operations, cash hoard back to shareholders.

To: The Ox who wrote (15462)	5/28/2004 5:17:57 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95632

<<A stronger showing by the SOX>> The SOX did very well this week - went from 458.18 to 488.86, a gain of 6.7 percent. It started the week below its 20, 50 and 200 day moving averages of 467.34, 474.63, and 485.39, and finished above those averages for the week.

To: The Ox who wrote (15462)	5/31/2004 10:02:31 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95632

Mike, we have already seen most, if not all, of the short term rally that I was expecting. A couple of positives going forward are that the total put to call ratio remains abnormally high and the BPNDX has given us a strong buy signal. investorshub.com investorshub.com On the negative side this recent rally has taken place on less than optimal volume leading to overbought conditions. The SOX is now very near to strong resistance. The same is true for many of our favorite stocks. investorshub.com Can the market break through this resistance? Never say never. But any rally that is going to stick will need a lot more volume. It will also lead us back to extremely low VIX readings that have consistently brought about at least some selling over the last couple of years. investorshub.com Finally, I cannot say enough about the confirmation I have seen in both local tops and bottoms from Les Horowitz's work when his trend scores reach 100 or -100 respectively. Message 20176881 So in conclusion I would expect that this current rally will fail unless we see enough upward volume to carry the market through some very tough resistance levels: investorshub.com There is still some room to run a little bit higher before that happens. We also have some wiggle room in the volatility indices with a strong buy signal in place from the BPNDX and some very supportive total put to call numbers. JMHO, RtS