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

To: Kayaker who wrote (17952)	8/11/2004 10:41:30 AM
From: Return to Sender	Read Replies (4) \| Respond to of 95622

If you want to buy at what should be a short term bottom then by all means today is lining up like a short term bottom. Of course I have said that about half a dozen other days this summer and I have not been fully correct yet. In fact I am losing a lot of money on 3 out of my last four buys. We should be shorting rallies not buying dips. Long term this is not anywhere near the bottom. Bruce, if you are reading this don't count on me taking a vacation as long as the market is eating away my hard earned cash. Ugly market today but where are the volatility indices? They aren't even as high as they were on Monday: investorshub.com Heck maybe that's a good thing short term but not if you are looking for a long term bottom. Lets check the Investors Intelligence Poll. They should have new numbers posted at Schaeffers today: Date Published Percent Bullish Percent Bearish 8/11 48.4 24.2 schaeffersresearch.com Anyway, don't listen to me. I'm an idiot for preaching caution and buying long. We are in a downtrend since January. We are below all the moving averages. We are in bear territory and we are getting mauled. Now if we can get the VXO up to around 40 or 50 and more bears than bulls in the poll listed above then we should be thinking about becoming long term investors. Not until then. RtS