Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 333.30

+0.9%

Jan 13 4:00 PM EST

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To: Return to Sender who wrote (8221)	1/27/2003 11:42:29 AM
From: Return to Sender	Read Replies (2) of 95713

A couple of potentially positive things could take place with today's continued selling. The put to call ratio has been over 1 all day so far. This negative sentiment is indicative of a potential technical rally: cboe.com Also the TRIN has been as high as 3.87 today. A close above 2.75 today would give us a five day score over 9 which indicates at least a short term bottom: finance.yahoo.com^STI.N&d=c&t=1d&l=on&z=b&q=l table.finance.yahoo.com^sti.n&g=d Also the VIX is still climbing which is good because if we ever get over 50 again we could be very likely at another firm bottom for a while. Currently it is at 39.22 which is still a long way from 50 but an awful lot higher than where we stood a couple weeks ago: stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G Finally we have absolutely no strong sectors or industries in the market thus far today. Even gold stocks are not rising or at least not rising much. This too is indicative of a capitulation phase if you ask me which may soon lead to a rally. RtS

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