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

To: Gottfried who wrote (13257)	2/4/2004 10:14:17 PM
From: Kirk ©	Read Replies (1) \| Respond to of 95761

You might find these interesting investorshub.com Especially the 2nd chart where the NASDAQ has finished many of the mini corrections with a gap down... now if you look at the Nasty McClellan Oscillator.... investorshub.com Nice piercing of the red line which has been a buy signal in the past 3 yrs... your mileage may vary this time... -g- A very good jobs report could really be a nice bungie release.... or not. Here is a whole list of charts I tried to put together to get a clue investorshub.com Lots of charts but still not sure if I have found that clue. -snort-

To: Gottfried who wrote (13257)	2/5/2004 8:57:05 AM
From: Return to Sender	Respond to of 95761

G, the P/C ratio and the VIX do trend differently as a result of prevailing market trends. That is until the trend changes. One of the changes that I am observing in the trend is an increase in volatility supported by lower P/C ratios. I have said this before and I believe it is true. High numbers of puts being bought by those who are bearish actually help to support a rising market as the underlying shares are covered during rallies. Where we may get in trouble now is that we have not had a close of the total put to call ratio over 1.0 in around 5 weeks. So although the VIX/VXO and other measures of volatility and fear are overly bearish, in that they are stretched well above their 10 simple moving averages, the result may not be as strong or lasting a rally without the short covering seen from a higher P/C ratio. JMHO, RtS