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

To: michael97123 who wrote (13448)	2/20/2004 6:15:30 PM
From: Return to Sender	Respond to of 95772

The bottom set in 2002 was an important technical bottom. We could easily have seen it coming based on the high VIX readings and the extreme low of the BPNDX and associated measures that preceded the actual bottom. It was also a fairly good fundamental bottom based on most measures like price to sales in the semi equipment industry. But we have moved a lot since then. Thinking that these stocks will advance significantly from here might be dangerous. Technically the market is showing significantly higher volume on down days for the NASDAQ and the SOX/SMH. The VIX/VXO/VXN all set some significant lows when the NASDAQ was topping. The BPNDX has been over 60 for a longer period of time then it ever has been before this. investorshub.com I say we continue to buy the dips but protect your profits very carefully because sooner or later we will see a much deeper correction that will satisfy all the tenants of a real bear market bottom. JMHO, RtS