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


To: Nutty Buddy who wrote (8874)3/3/2003 10:11:00 PM
From: Return to Sender  Respond to of 95765
 
Thanks buddy. A couple of thoughts on sentiment that I want to put out there to see if they work out. The put to call equity only ratio started a move up today from its lower Bollinger Band after putting in some very low readings last week as the market rallied:

stockcharts.com[h,a]dallyyay[dc][pi!d21,2!f][vc60][iLg]&pref=G

As the put to call ratio rises the market could continue to fall as it did today until it closes in on the upper Bollinger Band. This should be also seen in a rising VIX and VXN:

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14]

The VIX actually was negative today but look at the chart and you should see the potential for it to rise.

This should lead to a continued fall in the SOX until we see the VIX 10% or more above its 10 day moving average:

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

At that time we may see the put to call ratio closing above 1.0 again telling us its time to be long for a while.

RtS