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Technology Stocks : Semi Equipment Analysis

SOXX 296.92

+0.1%

Dec 1 4:00 PM EST

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To: The Ox who wrote (5902)	10/7/2002 4:53:45 PM
From: Return to Sender	Read Replies (1) of 95503

Great post Michael. The VIX closed today at 49.18. Its highest close since the July bottom: stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10][vc60][iUb14!Uk14!La12,26,9]&pref=G Unfortunately we do not have the corresponding high volume delineating panic to signal a bottom yet. The analysts seem to be doing all they can to create enough panic to get a bottom put in for us this week. What are the chances that the market will react well to President Bush's speech tonight? I sure wish we had seen 2.2 billion shares traded on the NASDAQ today instead of 1.22 because I am itching to go long but not just yet. I'm going to let that itch go unscratched just a little while longer because despite the high VIX readings we are further away from capitulation than we were in July at that short term bottom. Oh almost forgot<gg> All the above is in my not so humble and all too often wrong opinion. RtS

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