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

To: Donald Wennerstrom who wrote (48672)	7/24/2010 8:10:07 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (1) \| Respond to of 95632

The chart below is a weekly chart of the SOX stocks for the past 9 months. This allows a look at where the index is today as well as how the index went from the 1st of the year to the present. It has been a seesaw course from beginning to end. There has been 2 down periods and 2 up periods. Put them all together and the index has changed almost nothing since the first of the year. There have been many up and down weeks, but there have been 7 big red candles over the period that have done a lot of damage. Shown on the chart is a table of 3 points during the period while the index value has stayed quite constant, while the earnings estimates have continued a strong uptrend. Since the index is not moving much, if any, over the period, the PE and PEG compression continues. The last 3 weeks have been up. Earnings estimates are strong and continue to increase. While there are many factors that are negative in the economy, unless something really "bad" happens, it would appear that the uptrend should continue for the next several weeks. Any opinions, in agreement, or not, are most welcome.