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Technology Stocks : Semi Equipment Analysis

SOXX 302.84

+2.0%

Dec 2 4:00 PM EST

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To: Alastair McIntosh who wrote (5837)	10/5/2002 9:57:10 AM
From: Return to Sender	Read Replies (1) of 95515

Alastair, BPNDX can be used as an indicator that will help to predict when major market bottoms occur. When is a buy signal generated? Well first what we look for from a contrarian investment standpoint is a bpNDX below 30. It is at 17 now. That is well below 30 but it was as low as 8 in July and even lower at 1 back after the September 11 attack: stockcharts.com[l,a]dhclyiay[d20010911,20021005][pc20!i!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G The buy signal is not generated until the BPNDX turns high enough to break through the 20 day moving average now at 26.50 and falling. There is a discussion of the predictive values of numerous signals of a major market bottom here: capitalstool.com The discussion is old but the charts update every day after the close. I would enjoy further discussion concerning these charts. We are definitely oversold now but not as bad as we were in July or after September 11 so we are probably heading even lower. RtS

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