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

To: The Ox who wrote (17515)	8/1/2004 11:14:12 PM
From: Gottfried	Respond to of 95748

Mike, I've seen comparisons to 1994 and here is the DOW for that time frame stockcharts.com[w,a]waclyiay[d19920801,19960801][pb30!d20,2!b10!f][vc60][iut!Ub14!Lp14,3,3!Ll14!Lf]&pref=G but I'm leery of expecting repeats. Gottfried

To: The Ox who wrote (17515)	8/1/2004 11:23:31 PM
From: Return to Sender	Respond to of 95748

My opinions Michael are only that just opinions. I could be wrong. However the important thing here is not what anyone thinks but what the market actually does. Obviously high oil prices are a drag on the economy. Lower oil prices could be a big help. Do you think that the market will head to new highs if oil prices fall to the mid to low 30's? I'm certain they will at some point in time but right now I would not be a long term buy and hold investor due to poor technicals and overly bullish sentiment. Is it possible that the economy could do pretty well the next few years even while the stock market, especially technology stocks, might still under perform? It's really up to the institutional investors to decide whether they are going to buy and hold or not. I have come up with a logical explanation for why institutional investors have been net sellers this year. I have a logical reason to expect they will not become net buyers for a while yet. What I don't have is a logical reason to believe I should be a buy and hold investor when I don't see institutional investors taking the market that much higher right now. RtS