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Technology Stocks : Semi Equipment Analysis
SOXX 305.32-0.2%Dec 29 4:00 PM EST

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To: Nancy who wrote (12822)12/26/2003 12:57:36 PM
From: Return to Sender  Read Replies (1) of 95647
 
OT: Please don't blame Gottfried. The error was mine. The low in July of 2002 of 8 which was still in advance of a higher low BPNDX of 13 in October 2002 instead of the low of 1 in October 2201. That was one of the signals I should have clearly referred to instead. Keep in mind what the fear indices were doing back then as well. Setting highs... not lows like they have been recently.

stockcharts.com[h,a]dallyyay[df][pa20!a75!c20!f][vc60]&pref=G

The absolute lows for the market were in October of 2002 unless my memory fails me again. It does that a lot! <sigh>

Still a lot of complacency in the market today:

investorshub.com

RtS
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