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

To: BMcV who wrote (17957)	8/11/2004 11:07:55 AM
From: Return to Sender	Respond to of 95632

Bruce, there is an inverse relationship between the volatility indices and the market in general. The fact that the market was setting new lows today even as the volatility indices failed to go much higher suggests that there are still plenty of bulls willing to buy the dip. As oversold as the market is today the failure of the volatility indices to rise very much could indicate that a bounce is still coming. All my previous concerns are more valid than ever about how good a bounce and for how long though because the numbers I see in the volatility indices and the Investors Intelligence Poll simply do not equate with a long term bottom. Short term though? We have to bounce somewhere don't we? If the volatility indices move back to recent lows or 10% below the respective 10 day sma's then I will be a seller and go short. RtS