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

To: Donald Wennerstrom who wrote (42774)	1/16/2009 5:44:41 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (2) \| Respond to of 95520

And then we have the results of the 5 day look at last Saturday's AI possible outlook for this week. 1. DJ-30: By Tuesday, the DJ-30 had violated the support level. The next 2 days saw the DJ close down in the possible bottom area. On Friday, the DJ pulled slightly out of the bottom area. This could mean that a short term bottom has been found and more upside is possible next week. 2. COMPQX: On Wednesday and Thursday, the COMPQX closed below the support level. On both days it did not get down to the bottom area levels. On Friday, COMPQX closed above the support level without ever getting down to the bottom area levels. 3. S&P-500: The S&P also closed below the support level on Wednesday and Thursday, but did not close inside the bottom area levels although on an intraday basis it did get into that area. On Friday, the S&P did still close below the support level. It is probably fair to conclude that both the DJ-30 and S&P-500 descended into the bottom area and have "bounced" from there for the past 2 days. The NASDAQ did not get to its proposed level, but for the past 2 days has "bounced" upward quite nicely. If this reasoning holds, next week could see some higher values for these 3 indices.