Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 306.04

0.0%

Dec 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: robert b furman who wrote (27508)	12/17/2005 6:28:13 PM
From: Return to Sender	Read Replies (3) of 95639

Bob, be careful reading too much into any single indicator. The BPNDX might now be artificially high at a time when the NDX has signaled a strong top is being put in place. You will see this when you consider the high volume this week which was even higher than the high volume last week. And yesterday was big volume! Page down: investorshub.com It's important to note not just the absolute numbers like a BPNDX of 80 or more being a topping number but also look for positive or negative divergences. By that I mean the BP numbers now are in general lower than at the previous tops set during the last few years. investorshub.com Could that mean there is more room to run? It's possible but when you look at market breadth numbers you will see that we have been making new highs with lower numbers of stocks participating in the overall move. In addition the NASI has turned south although it could still reverse. If it does not reverse and the trend changes to down then that's a longer term trend signal change: investorshub.com It's not likely that January this year will be anything different than the last two years. December is not over yet though... RtS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next