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

To: Gottfried who wrote (12958)	1/8/2004 9:44:39 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95391

>RtS, looking at Schaeffer's equity P/C ratio I find the last time it was very low [May] the index only dropped little. P/C is even lower now. Maybe there won't be a BIG drop in the index? schaeffersresearch.com Gottfried< You're right in suggesting that there does not have to be a BIG drop in the index. A period of consolidation and rotation could easily satisfy my expectations. I ran some charts here to look over the situation using the total put to call ratio. I cannot chart the equity put to call ratio alone against the SMH so I used the total put to call ratio vs the SMH. You will find charts of the last three months since you referred to it I also show the three months from April to July in 2003: investorshub.com There are also 1 year charts. Let me know if you reach any conclusions? RtS