SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (10870)8/6/2003 9:50:07 AM
From: Return to Sender  Read Replies (1) | Respond to of 95865
 
Bob the VIX is now stretched more than 10% above its 10 day moving average. It would not be surprising to see the market rally back now as this happens more often than not when the VIX is stretched so far above that 10 day moving average:

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

In addition the closing TRIN yesterday was quite high.

optionetics.com

The put to call ratio was also high.

investorshub.com

That does not mean that this rally will succeed in doing anything more than balancing out an oversold short term market.

JMHO, RtS