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

To: Return to Sender who wrote (12963)	1/8/2004 10:02:31 PM
From: Gottfried	Read Replies (1) \| Respond to of 95390

RtS, after looking at your charts for May I'd say the overall P/c ratio is not as useful as it was during the bear, because low P/C almost concides with a low of the SMH. [as you know, low P/C should mean an SMH top]. Maybe that has something to do with using the overall, rather than the equity P/C ratio. It's worth keeping an eye on P/C and VIX, but they are useful timing tools only for the very nimble now. BTW, bpCompq is not too far from reversing into Xs again. Gottfried