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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: pcyhuang who wrote (53445)	8/27/2011 12:37:17 AM
From: Return to Sender	3 Recommendations Read Replies (2) of 95530

Are you absolutely sure the market is going up from here? Why? You can't be a contrarian based without having some reasons to say the bears are wrong other than just saying they are wrong. Everyone gets a chance to be right at some time but it's dangerous not to be willing to see both sides of the argument. In my opinion despite this week's positive action the market we probably have more downside ahead. This week the DJIA was up on higher volume than last week's down volume but on the daily chart a very different story is told. Down days were all on higher volume. Not what you should expect to see if a bottom was being put in place: The S&P 500 and NASDAQ had up weeks but they were on lower volume than last week's downward trading. I will show the S&P 500 here so they were not supportive of a long term market bottom: Bottom line, I am willing to admit that I could be wrong, the market could trade up from here. Even if it does technology will not be leading as it would appear that we are ever do dangerously close to a second declared recession when we never have created enough jobs in the states to truly get past the first one. You will be right eventually but Jacob's chances of buying cheaper than where prices are at today seem pretty rational to me. It can take a very long time for a cyclical bottom to form but there will be some rallies in every downtrend just as there are bad, days weeks and even months in an uptrend: BTW, no 90% upside days thus far. We did have one 80% upside day this week. It was not today but rather Tuesday. JMHO, RtS

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