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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: Gottfried who wrote (15340)	5/23/2004 1:00:31 PM
From: Return to Sender	Read Replies (2) of 95572

Gottfried, the lowest BPCOMPQ score was also in 1998. investorshub.com Probably the biggest problem with the BPNDX is not whether we are in a bull or bear market; instead I believe it is simply that the composition of stocks within the index changes more often in their make up than broader indices like BPCOMPQ. When a number of stocks are added, and deleted, from the BPNDX (an index that only has 100 stocks in it) the kind of stock added, as opposed to the ones deleted, can have a profound effect on the number of PnF buy signals. What we are looking for now would seem to be a 6% swing higher in the BPNDX as a buy signal. So if BPNDX moves from 30 to 32 then that would be a buy signal. However if the BPNDX continues to fall, or even hold steady, as other broader BP Indices towards their respective 30% (oversold) levels then we will wait there for a 6% reversal for a buy signal. I know the last few posts and the charts I posted have helped me to better understand both the volatility indices and the BP Indices for long term market timing. Thanks for making me work through it. RtS

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