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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: cluka who wrote (53235)	8/14/2011 7:30:56 PM
From: Return to Sender	3 Recommendations Read Replies (1) of 95572

Long Term Market Breadth Indicators for the market. Crossing over the green horizontal lines are indicative of oversold conditions that could lead to a rally. Crossing over the red lines is indicative of overbought conditions that could lead to a sell off. In either case the market might recover from these conditions only to head further into oversold or overbought territory. It is therefore important to look for positive or negative divergences. Positive divergences were seen at the last major market bottom in October 2002 and in March of 2009 where most market breath indicators had improved readings than those seen at the previous bottoms even though the market was actually much lower. I am bearish right now. It takes a while for a bottom to form generally. I don't like what's going on in the world economy anymore than you do. I'm not sure it's fixable but I am sure it's not fixed yet because there simply has not been enough grease given to the squeaky wheels. Throw money at them! RtS

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