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Technology Stocks : Semi Equipment Analysis
SOXX 302.00+2.6%4:00 PM EST

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To: Gottfried who wrote (11917)9/30/2003 10:59:39 AM
From: Return to Sender  Read Replies (2) of 95385
 
The VIX and VXO are both up but what I find most interesting is the 5 day moving averages on the TRIN and TRINQ. They are both well over 1.5.

This is extremely bullish on a short term basis. I know it is September. Early October is when important bottoms are usually set. If we get a put to call ratio close over 1.0 today that would be about the only thing left on my short term indicators to suggest a short term bottom.

Of course the market could still really break down from here but color me doubtful on that potential outcome.

Here are the charts of my short term indicator against the SMH:

investorshub.com

RtS
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