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Technology Stocks : Semi Equipment Analysis
SOXX 337.22+1.6%Jan 15 4:00 PM EST

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To: Donald Wennerstrom who wrote (55521)2/19/2012 9:07:15 PM
From: Return to Sender1 Recommendation  Read Replies (3) of 95730
 
Great post Don. Love the tongue in cheek humor. I can't convince myself to jump on board at this stage of the rally. That probably means it will head higher before we finally sell off. <VBG>

Seriously, the retail investor (like me) has not bought into this rally much at all. Volume has not been high enough to indicate that smart money is unloading to the kind of idiots many of us were in 1999 and 2000. We should potentially hit the highest volume ever at the next top if the little guy ever gets as involved as they were in 1999 and early 2000:



Incidentally 1999 was the last time I went to Vegas. LOL

Back to now. The Investors Intelligence Poll indicates things are getting pretty complacent but they have been more so at past market tops.

schaeffersresearch.com

And the VIX is low but it too has been lower at previous market tops.

RtS
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