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Technology Stocks : Semi Equipment Analysis
SOXX 283.58+0.3%Nov 25 4:00 PM EST

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To: Softechie who wrote (3933)7/9/2002 10:48:38 PM
From: Return to Sender  Read Replies (2) of 95471
 
I think we probably open down and run higher tomorrow. I read some interesting comments on the QQQ tonight.

Basically what I read stated that MAX Pain for the QQQ is at 27 so there is a better than 50/50 chance in my mind that the NASDAQ moves higher going into the expiration of options.

In the meantime I suppose we could move lower and attempt to put in the kind of bottom that will be marked by a much higher VIX reading.

That being said the VIX actually closed higher than at any other time in this latest sell off so we have once again better than 50% chance that we run higher short term after the VIX crosses 35 again tomorrow.

internetstockreport.com

thetechtrader.com

A great site for Max Pain. Set the dates and page down to get a reading on your stocks:

iqauto.com

Long term VIX chart:

stockcharts.com[l,a]mhclyiay[d19950101,20020710][pb50!b200!d20,2!i!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G

RtS
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