Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 306.28

-1.0%

Dec 4 4:00 PM EST

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To: Gottfried who wrote (42868)	1/21/2009 1:40:30 PM
From: Return to Sender	1 Recommendation Read Replies (1) of 95526

I think the October 2002 BPNDX reading was actually 13. It doesn't really matter. The point I was trying to make is that finding a market bottom can take a long time. When it happens there are usually a bunch of positive divergences. Volume is much lower now than the capitulation phase a few months back. We will get a bottom this year in my humble opinion. I just don't know if it will come early this year, next summer or be all the way in October where most major market bottoms form. GE is being treated as a bank stock now. I don't know if that is fair or not. I do know that it is difficult to trust any company's financial numbers these days. RtS

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