Brian, I don't but I have been following this series only for the last two years, not enough history, nevertheless, just as I suggested in April 2000 that the BTB simply cannot go much above 1.44, I would suggest that the number of semi stocks above the 200 DMA simply cannot go under zero (g), any change has to involve increases in these numbers. Similarly, in recent times (in March and May this year #reply-17485967), I noted that too many of the same stocks were moving up in tandem, suggesting, they cannot go much higher. This and many other "indicators" are, IMTO, pointing to last week being the bottom for this mini cycle. Not necessarily a bull market, but a bull move similar in dimensions to the September January advance.
Zeev |
