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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (5454)9/19/2002 3:22:01 PM
From: Return to Sender  Respond to of 95420
 
Good site Gottfried. I just bookmarked it:

schaeffersresearch.com

The Internet Stock Report has been one of the most consistently bearish sites that I follow. Over the last two days they have pointed out that an equity put to call ratio closing over one has consistently resulted in important stock market bottom's within a week of this number showing up:

internetstockreport.com

In addition the VIX is pushing almost 10% above its 10 day moving average and trying to run higher along the upper Bollinger Band. It is now at 45.63:

stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10][vc60][iUb14!Uk14!La12,26,9]&pref=G

The VIX cannot rise too much further above the Bollinger Band or away from its 10 MVA in my opinion. Once it begins to fall the rally should start in earnest.

I see a lot of other indicators that suggest we could have a lot further to fall but this is not a point in the market that I want to stay short anything in the semiconductors. Even if all we get is a short term bounce which could start anytime over the next few sessions it could still be a powerful short term rally.

JMHO's, RtS