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

To: Return to Sender who wrote (42472)	1/3/2009 5:45:52 PM
From: Donald Wennerstrom	Respond to of 95594

Here we have an input, consistently stated, that the major averages are in the Stage 4 Elliott wave pattern, waiting to peak before the 5th slope downward is completed. <<Keep in mind once the 4th Wave up ends this will be followed by the 5th Wave down which would likely see new lows made in the major averages at some point in 2009.>> Also, <<Finally one thing that bears watching is the Volatility Index (VIX) which has decreased substantially since the November 21st lows (points A to B). This rapid drop is similar to what occurred from mid October through early November (points C to D) which was followed by a sharp sell off in the S&P 500 (points E to F). Thus this is a warning sign that a sharp correction could development at anytime.>> All types of emotion are on display lately, all the way from wild eyed optimism to deep dark pessimism.