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

To: Return to Sender who wrote (40177)	9/15/2008 12:40:28 PM
From: Gottfried	Read Replies (2) \| Respond to of 95910

RtS, besides "this time is different", "the worst is over" is another expensive phrase :) just a thought - I know you didn't say it

To: Return to Sender who wrote (40177)	9/15/2008 1:17:27 PM
From: Jacob Snyder	Respond to of 95910

$spx in a falling channel, as you earlier posted. Looks to me, like that channel is currently at 1170-1350. It also looks to me like the $spx has bounced repeatedly in the 1210-1225 range so far this month, in spite of bad news every day. Since we are a lot closer to 1170 than 1350, I'm considering taking a large trading position. The SOX, however, has been setting new multi-year lows repeatedly this month, including today. When the SOX turns, it could easily go to 370, the 200DMA, which would be a 16% pop from today's levels. But I don't see any support for the SOX. KLIC, AMAT, ASML all following the SOX, setting lower lows daily.