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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: Return to Sender who wrote (15737)6/15/2004 2:15:16 PM
From: Kirk ©   of 95574
 
Sorry I missed it... I just reply to the post I saw.

"The CPC is objective but has limited value imho.
The Volatility Indices are objective and much more important.
The Newsletter Writers Survey is objective and a terrific contrary indicator."

I follow all of those.

Newsletter writers are bearish according to what Mark Hulbert writes.... I think they lie to doctor the survey... look at what they do, not what they say on free surveys.

I bet VIX goes to lows you have not seen for many years. Your are looking far too short term on it. Also, I think all that really matters for it are changes, not absolute value.

CPC is a measure of what people are doing, not what they say.

The big sentiment indicators are not visible to most.
Watch the msg boards and it is the expert shorts who think they are the smart ones. They write like those who were overly bullish in 2000 rather than taking profits.

Cramer and many of Rukeyser's guests are still talking about dividend stocks. This is bearish as they make money investing in stocks and they are still defensive.... they want dollars to invest for a fee but they are not putting them to work in tech. Watch for Cramer and Lis Ann Sonders to start recommending stocks only because they are going up and you have to own them... then talk to me about a top. -snort.

Kirk
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