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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (6217)	6/24/2003 9:06:41 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 6317

Hi Elroy, I don't believe the Tech sector, or any other one for that matter, is currently reaching any new all time highs. In fact most are sadly behind where they were even in 1998 and 1999. I guess it's a matter of perspective. A 50% rise after an 85% collapse could be considered maybe a rally, but not a significant break-out. siliconinvestor.com When we see the Q's back above $50 we'll still be less than half the bubble peak. That would be a 66% rise from here. Like a cyst, this one's going to have to heal from the inside out. Of the four components I calculate, three remain very Bullish. The fourth is very bearish. It's also one of the shorter term items I watch. It's Speculation. It looks at the gains of the Best performers in Value Line and compares it to the Worst. The values are calculated on where the prices of stocks were 13 weeks earlier. Here's what it looks like right now: aim-users.com As clear as the Bullish trough is last year, the Bearish one is showing itself right now. As you also can see from past spikes, they aren't necessarily trend indicators, but times of overzealous buying. For me, the saving grace is that the other three components are still bullish. To me this means we will consolidate or maybe drop a bit from here, but that we'll most likely not "retest" prior lows. Much depends upon how quickly companies return to profitability or actually start to show sales and earnings growth. Here's the rest of the components if you're interested: aim-users.com aim-users.com aim-users.com aim-users.com and here's the summary graph: aim-users.com The data base for this market indicator starts in 1982. I've been collecting this since then and have been showing it publicly for over a decade. Hope this helps, Tom