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

To: Nancy who wrote (13441)	2/20/2004 12:57:49 PM
From: Return to Sender	Read Replies (2) \| Respond to of 95713

Good point Nancy. I think the market has more profit taking ahead but the put to call ratio is better than 50/50 at indicating the market should advance soon when it closes over 1.0 even on option expiration days. Better than 50/50 is not all that reliable though is it. I'm holding off for a big spike on the VIX and VXN that will stretch them 10% above their respective 10 day sma's. That is a highly reliable indicator of a short term bottom. One good thing showing up for those long is that this chart here shows the NASDAQ as oversold: tal.marketgauge.com Getting a bit more so today. My ultimate target bottom is 1980 for this bout of profit taking. RtS