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

To: Return to Sender who wrote (15136)	5/13/2004 2:16:18 PM
From: Donald Wennerstrom	Read Replies (3) \| Respond to of 95821

Yes, The SOX, as always, has been bouncing around today - hard to tell where it is going to wind up - still have a couple of hours to go to the close. Another subject - rather interesting article from the Street.com today - an excerpt below. <<Wall of Worry Goes Up, Brick by Brick By James Altucher 05/13/2004 09:08 [snip] Watching the Downticks The breadth of selling has been immense in the past few weeks. I often take a look at the New York Stock Exchange Tick indicator; at any given moment, it shows you the number of stocks for which the last trade was an uptick minus the number of stocks for which the last trade was a downtick. For instance, if the Tick is +500, that means 500 more stocks upticked than downticked. On any given day, the Tick will usually fluctuate between +500 and -500. Very rarely is the Tick greater than +1,000 or less than -1,000. The Tick's lowest point in the past five years was hit on April 14, 2000, when the Nasdaq crashed and ended the boom. That day, the Tick reached -1,679. The next lowest point for the Tick was -1,495, which it reached on two separate occasions. The first instance happened, as could be expected, in the week after the terrorist attacks, on Sept. 20, 2001. The second occasion was last Friday. In the past month alone, the Tick dipped below -1,300 on five different days -- and that's never occurred before. Mass selling unlike any we've seen in the past decade has been happening. The fact that there hasn't been an actual "crash" has hidden the fact that portfolio devastation has been brutal.>> [snip]