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Technology Stocks : Semi Equipment Analysis

SOXX 289.38

-3.4%

Nov 13 4:00 PM EST

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Donald Wennerstrom

oldbeachlvr

Woody_Nickels

To: Donald Wennerstrom who wrote (67233)	1/15/2015 5:50:24 PM
From: Return to Sender	3 Recommendations Read Replies (3) of 95415

Don, monthly charts are starting to roll over. It's been my contention that perfection has been priced in for some time now into stocks. Consider for a moment if interest rates were at historical norms would stock prices be fairly valued here? My point, and I am not being bearish but rather rational, is that if the market were to fall to the mean on valuations, we have a considerable drop in our future. RSI (14) on monthly charts above 70 is rare and associated with major market tops. Conversely RSI (14) below 30 is also rare and associated with major market bottoms. Look closely and you will see the VIX is shown versus the index in question. On most charts you will also see the SOX since it is an area of personal interest to me. I will copy and paste the Briefing.com commentary later tonight. RtS

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