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Technology Stocks : Semi Equipment Analysis

SOXX 305.47

+3.1%

4:00 PM EST

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To: Return to Sender who wrote (93987)	3/11/2025 6:13:27 PM
From: Return to Sender	4 Recommendations Read Replies (1) of 95358

As we wait for the all clear sign of a lasting bottom it's probably a good idea to remind everyone (including myself) what we are looking for when that happens. The information is right there in the market data that I share each day after the market closes. It's in the Advance/Decline numbers of the NYSE. How do we know that a rally like we had today was not a real bottom? A real bottom will form on a 90% upside day in the Adv/Decline numbers. Or at least an 80% upside day followed within days by another 80% upside day. It's really hard not to jump all over some of the apparent relative bargains in stocks prices as compared to 52 week highs. But buying too soon as I know I have often done in the past can soon leave an investor holding losing positions. I am waiting for at least an 80% upside day. A 90% upside day is the all clear sign. But 2 of those 80% upside days in close succession often works just as well. As good as BPNDX of 30 or lower usually is at marking a bottom in the last 20 years we have seen BPNDX as low as 1 in 2008 and 2 after the Covid shutdown. BPSOX can go to zero under those kinds of bear market conditions. Keep some powder dry! RtS

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