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Technology Stocks : Semi Equipment Analysis

SOXX 319.58

-1.6%

4:00 PM EST

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To: The Ox who wrote (39806)	8/6/2008 9:01:01 AM
From: Return to Sender	Read Replies (1) of 95697

I am looking for a 90% upside day on both the NYSE and NASDAQ after a spike in the volatility indices and the CPC. Here is what actually happened yesterday: SNIP: Upside volume was 81% on the NYSE, and 86% on the Nasdaq. New highs-new lows were 56-114 on the NYSE, and 61-115 on the Nasdaq. internetnews.com I don't trust that this rally will last but who knows maybe it will if oil prices continue to fall. Certainly commodity prices are falling, the dollar is breaking out and there are many other positives as well. A second 80% upside day like we got yesterday is often believed to be just as good a signal of a major bottom as a single 90% upside day. That has to happen today for yesterday's action to be meaningful. JMHO, RtS

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