Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Cary Salsberg who wrote (11087)	8/20/2003 10:16:14 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95640

>If btb gets too large, that is a warning that orders will likely correct or flatten.< What btb number would be too large? I'm seeing warning signs all over the place in this market Cary. Short term warnings have flown up with a VIX reading below 20, low put to call ratio numbers, low 5 day TRIN and TRINQ readings and a low put to call ratio/Vix ratio reading. Tonight I also looked at the BPNDX/VIX ratio and the number of stocks over the 200 day moving averages. The result was that we have current readings that are higher than anything ever seen before except for in June of this year. Now I will admit these readings can get even more outlandish but how likely is that? We have almost no fear. We have almost no bearish sentiment at a time when we have insiders selling stocks at a pace that eclipses previous all time highs. Why aren't there more insiders who are buying? Could it be they think the market is fundamentally overvalued? Can the market forge higher in the face of these issues? Sure but those sentiment numbers combined with a lack of fundamental support and insider buying need to be at the very least respected because the market can also fall. So does the btb matter? I think it does but this market is either looking so far ahead or so overvalued that it is hard to see any number like btb actually mattering today. RtS