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Technology Stocks : Semi Equipment Analysis
SOXX 302.00+2.6%Nov 10 4:00 PM EST

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To: Return to Sender who wrote (12963)1/8/2004 10:02:31 PM
From: Gottfried  Read Replies (1) of 95390
 
RtS, after looking at your charts for May I'd say the overall P/c ratio is not as useful as it was during the bear, because low P/C almost concides with a low of the SMH. [as you know, low P/C should mean an SMH top]. Maybe that has something to do with using the overall, rather than the equity P/C ratio.

It's worth keeping an eye on P/C and VIX, but they are useful timing tools only for the very nimble now.

BTW, bpCompq is not too far from reversing into Xs again.
Gottfried
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