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

To: Donald Wennerstrom who wrote (31327)	7/9/2006 12:16:19 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95735

Don, if you look at monthly charts then you will find that out of all the various sectors that only energy, consumer staples and healthcare remain in uptrends. As was discussed by Amateur Investors oil may be at a double top or trying to break out higher after a double bottom. Either way this too could be a lose-lose. The fact that consumer staples and healthcare are outperforming is a perfect correlation to past early bear market trading. If oil prices fall they may be falling as a result of slowing demand as the economy cools further. Looking at the Dow Transports I see a potential double top in place. investorshub.com Keep an eye on the transports. If they trade lower then the market will be cooked for a while. If not then anything is still possible on the upside. If on the other hand oil breaks out to new highs as Amateur Investor and COTD have suggested it might then higher energy costs will certainly slow the economy and possibly lead to a recession. chartoftheday.com In the end though the overall market could struggle with or without higher oil prices. RtS