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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: Donald Wennerstrom who wrote (11577)	9/12/2003 11:35:08 AM
From: Return to Sender	Read Replies (1) of 95622

The VIX is up 4.73% today as I write this. Hopefully everyone recalls the important inverse relationship between the VIX and the SOX? finance.yahoo.com^VIX&t=3m&l=on&z=m&q=l&c=^SOXX Longer term charts of Bull Markets call the whole theory of VIX closes below 20 as indicating market tops into question. However Monday's close was the lowest close on the VIX in quite a long time as indicated on the charts linked below. There are currently signs of distribution showing up in this rally that indicate it may be running on borrowed time. However the high RSI on the VIX in addition to the fact that it is above its upper Bollinger Band may limit the depth of any sell off. One thing is for certain; The VIX is no longer setting lower highs and lower lows. investorshub.com We have entered a period of greater volatility.

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