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Technology Stocks : Semi Equipment Analysis
SOXX 299.48-4.8%Dec 12 4:00 PM EST

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To: Gottfried who wrote (12958)1/8/2004 9:44:39 PM
From: Return to Sender  Read Replies (1) of 95574
 
>RtS, looking at Schaeffer's equity P/C ratio I find the last time it was very low [May] the index only dropped little. P/C is even lower now.

Maybe there won't be a BIG drop in the index?

schaeffersresearch.com
Gottfried<

You're right in suggesting that there does not have to be a BIG drop in the index. A period of consolidation and rotation could easily satisfy my expectations.

I ran some charts here to look over the situation using the total put to call ratio.

I cannot chart the equity put to call ratio alone against the SMH so I used the total put to call ratio vs the SMH. You will find charts of the last three months since you referred to it I also show the three months from April to July in 2003:

investorshub.com

There are also 1 year charts.

Let me know if you reach any conclusions?

RtS
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