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Technology Stocks : Semi Equipment Analysis
SOXX 342.47+1.6%Jan 16 4:00 PM EST

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To: The Ox who wrote (29131)3/8/2006 1:13:16 PM
From: Return to Sender  Read Replies (1) of 95738
 
>Maybe it's time to short everything, everywhere? lol<

Don't laugh too hard. One of the most reliable indicators I have followed the last few years has been the put to call ratio. While the number of actual shorts in the market is no where near high enough for the market to form a long term bottom (at this time) every time the CPC has risen above 1.0 on its 5 and 10 day sma's it has resulted in a market rally.

A number of indicators like this one are getting so bearish that they will give buy signals if we keep selling off setting up the possibility of a short term bottom:

investorshub.com

But we would have to drop a long way further to get to a true cyclical bottom which the FED may induce.

RtS
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