Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 337.35

-1.5%

Jan 20 4:00 PM EST

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To: Donald Wennerstrom who wrote (40312)	9/19/2008 9:09:21 PM
From: Gottfried	1 Recommendation Read Replies (1) of 95743

OT ** yesterday bpFINA was 30%. Today it rose to 79%. That means yesterday 30% of financial stocks in that index had a PnF 'buy' signal. Today it is 79%. That's like going from oversold to overbought in one day! Historically when a bp [bullish %] is above 70, one fears an impending drop. All it takes is some statement, rumor etc. here's the bpFINA for 5 years observe how bpFINA stayed above 50% from 2004 to 2007. Since last summer is has been volatile and I would not bet that is over

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