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 297.50

-2.6%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Donald Wennerstrom who wrote (36150)	10/7/2007 6:06:20 PM
From: Return to Sender	of 95383

Can the market keep going? The $NYSI and $NASI say why not? Market strength has been good since the bottom in August. Currently we do have a number of indications that market sentiment is swinging towards overly bullish. The Investors Intelligence poll and CPC are definitely moving towards worrysome levels for those of us who are bullish like myself. There are also complaints that volume has been light on this rally. I think volume has been light because the rally started during the late summer. Summer months are typically low volume. In addition most of this rally has taken place in the absence of earnings. Volume will pick up with earning starting soon. Can the market continue higher? I think it can for a while. Neither the $NASI nor the $NYSI is so overbought that these summation indexes are showing the market are in definite danger of selling off. Instead they show money continues to funnel into the market. The Summation Index is a proxy that tells the swing trader whether money is flowing into or out of the market. When the Summation Index is in a strong uptrend, it indicates that the bulls are stronger than the bears. In a downtrend, it communicates just the opposite. In addition these weekly charts suggest there is room for further appreciation: siliconinvestor.com RtS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next