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

To: Donald Wennerstrom who wrote (51638)	4/3/2011 12:28:57 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (1) \| Respond to of 95536

This is the weekly update of the Group and SOXM(SOX) tables in terms of earnings estimates and price changes. The Group peaked in value 4 weeks ago and the SOX peaked in value 6 weeks ago. Since those points, the Group is down 2 weeks and up 2 weeks while the SOX has been down 4 weeks and up 2 weeks. During this period, the earnings estimates have been "up and down" but over all remaining relatively flat. Peak earnings estimates numbers are shown in dark green. The numbers bear close watching as we go forward. Earnings estimates are very positive, yet have recently settled down into a "flat" period. For the moment, the Group and SOX have reached peak values and are now in a fall back mode from the peaks. Have we seen the peak of this cycle with further to go on the downside, or is this a small pullback before a new thrust to the upside? The other tables just posted this week show relatively low values of PEs and PEGs which could support further upside in the indices.