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Technology Stocks : Semi Equipment Analysis
SOXX 303.84+1.3%Dec 22 4:00 PM EST

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To: Return to Sender who wrote (8927)3/10/2003 2:24:04 PM
From: robert b furman  Read Replies (1) of 95622
 
Hi RtS,

I've noticed that the bull vs bear count in IBD is sneaking up to almost a cross over.

If I was to honestly critique my market performance it would be not waiting for this perhaps "Mother of All Indicators to align itself".

Historically, if all of the other indicators look like a buy and this one isn't there also it is a high risk that your money can get trapped.

When the crossover ocurrs it stays crossed for some time too.

This will set up a great bottom.

I also agree with the Sox showing Relative strength - I think the NAZ is also in this category - it's holding at the .618 fib line is showing a resistance to the general market sell off.

We'll get a nice % pop off the next bottom.

What will be critical at that point, is to determine those in the next wave of leadership.

I'm surprised that Defense hasn't shown better in here.I guess we need to see disposables being used up - then replentishment will be needed -Iraq and N.Korea will still be saber rattling.

Bob
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