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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: Jacob Snyder who wrote (54066)10/4/2011 5:42:37 PM
From: Return to Sender3 Recommendations  Read Replies (1) of 95530
 
Excellent reasoning Jacob. However I do think we can time reasonably well the next bottom. You are already looking for a 90% upside day already just like me.

Today sure was not it. We may have the better part of another decade before actually hit the bottom. I shared this here recently but it is well worth reading again:

pring.com

The market may not bottom again until we see RSI(14) approach 30 on the monthly charts of the major averages:


I don't have to get things right. All I have to do is better than I did the last couple of cycles and fully invest cause I did well on the limited amount I did invest. I have shared a ton of market breadth charts like this one that also told me to be careful at the last top:



So in short I can tell you that while I don't have to nail the next bottom or top I do believe I can easily do better than I did at the last one or the one before it even though I believe we may be in a bear market for another 8 or 9 years.

We have far more information at our fingertips than ever to help us make the right moves.

JMHO, RtS

RtS
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