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Technology Stocks : SMTI: SMTEK International, Inc.
SMTI 27.78-0.3%Nov 7 3:59 PM EST

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To: chartseer who wrote (109)9/21/2001 9:47:06 PM
From: Bwe  Read Replies (1) of 420
 
Chartcraft still far from optimistic.........

"OVERALL, we are Now Oversold. What we would like to see, but is not necessarily what will happen is more new lows early next week, followed by an up close for the week and LOTS of selling climaxes. Barring that up turns above the 30% level for the NYSE 10 week and some of the High Low indices. Although Sentiment with more Bears than Bulls for 1st time in three years is a positive, BEAR MARKETS usually do not end without the Bears moving to 55% and we are a long way from that Keep in mind the Yogi Berra saying, It ain't over till its over. .Keep in mind, that P/E's are still well above Historic norms and Yields are well below norms."
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