Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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From: sammy™ -_-	3/11/2006 11:38:53 PM
	Read Replies (1) of 95383

The December Low Indicator It states that if the Dow's closing low in December is violated within the 1stQ of the year, the market will be down at some point later that year. Last December the Dow's closing was 10,717,50. On January 20 2006 the Dow closed @ 10,667.39 - violating the Dec. low by just over 50pts. This indicator has been true every time, but one [1966] since it was first developed in 1950 by Lucien Hooper. The average drop was 10.7% varying between 0.3% - 25.1%. So far there seems no major top forming yet. yo

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