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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (3934)	12/18/1997 3:21:00 PM
From: Trader X	Read Replies (1) \| Respond to of 10921

Look at the SOX index. chart1.bigcharts.com:80/chart?time=10&freq=2&uf=0&lf=4&type=4&style=8&size=3&maval=10&state=0&compidx=aaaaa%3A0&symb=SOX&ma=3&comp=&trans=0&r=chart&sid=11520&sec=x&xyz=234104188&s=21042 any discussion of this industry should include a look at the SOX index over the course of past declines. I think the weekly chart above shows how a recovery from a down cycle can take about 4-6 months--once the bottom is Reached. and I think we'll hit bottom around 200 to 210 on the SOX, sometime this winter/spring. That's another -20% on the downside, median range. We could see a range between 250 and 280 in the next few weeks, with renewed selling pressure by Feb. Every correction of the SOX this decade has turned positive in April/May of even numbered years--no exceptions. -Kevin