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

To: sixty2nds who wrote (42655)	1/13/2009 6:36:32 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95520

60, I hadn't seen ALGO mentioned for quite awhile, but ALGO is alive and well! <<Don't go getting ALGO's attention (VBG)>> From your earlier post today, Message 25319560 which was a gigantic writeup covering many issues, one of the issues was volatility. <<As evidence of the market's instability, Howard Silverblatt, a noted S&P senior index analyst, observed that the S&P 500 rose or fell more than 5% on 17 trading days in 2008. When one considers there were only 17 trading days in the previous fifty years when the S&P rose or fell more than 5% in a day, then I think you can appreciate the unprecedented volatility we have experienced!>> There have been several articles written recently about how much the market has been up since the bottom on 11/20, on the order of 20 percent or more. Well, lets take a look at that period. First of all, let's go to the statement of 17 trading days in 2000 when the S&P-500 rose or fell more than 5%. As the chart shows, 4 of these days occurred on Nov 19, 20, 21, 22. Moreover, you had to be very quick(here is where we need ALGO) to get all those large gains. If you had bought at the bottom on 20 Nov and sold today, the gain would have been about 15 percent. If you had sold about 5 days ago, the gain would have been even higher, about 25 percent. Now if you didn't buy until the close on 22 Nov and sold today, the gain would have been about 2 percent. If you disregard the 4 days under discussion for a moment, the rest of the chart shows some movement, but rather mild trading gains to be had from 22 November onward compared to when ALGO was in command.<g> Don