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Technology Stocks : Semi Equipment Analysis
SOXX 297.50-2.6%Nov 6 4:00 PM EST
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To: Return to Sender who wrote (56672)7/12/2012 6:10:38 PM
From: Jacob Snyder  Read Replies (1) of 95378
 
<Since that time (market bottom in early 2009) for the S&P 500 there has been nothing but higher highs and higher lows with not one 20% correction:>

Using intraday highs and lows, the market had a 20% correction in mid-2011 (1371 to 1075).

I agree, if we are currently forming a bottom, it isn't a major market bottom. Although I am modestly bullish for the medium-term, I always remember we are in a secular bear.
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