Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: Sun Tzu who wrote (88413)	5/23/2022 6:01:52 PM
From: Return to Sender	4 Recommendations Read Replies (2) of 95572

I cannot find any chart data on the number of New Highs on the NDX. I do have that data on the broader Nasdaq Composite. Today for instance according to StockCharts.com there was 19 New Highs out of nearly 5000 stocks traded on the Nasdaq. The WSJ Data says 30 such stocks today. The point is that the actual number, or the timing, is not nearly as important as knowing when the bottom is in. This chart that shows the explosion of New Highs at the beginning of a new Bull Market: What we need to see is a new bottom forming. One 90% Upside days is all it takes. Could be while before that happens though! RtS

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