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

To: The Ox who wrote (42928)	1/23/2009 11:54:52 AM
From: Return to Sender	2 Recommendations Read Replies (2) \| Respond to of 95530

Long term bottoms are put into place after sellers are exhausted. Typically they begin with the kind of a higher than average volume day described by Briefing.com in October 2002. That is to say volume not only rises but we get a day where 90% of all volume on the NYSE and NASDAQ is up volume. If that does not happen then we have at least two 80% upside days in quick succession. That requires a broad based rally where every major sector in the market is rallying. Over the last 30 years we have never been so far below the long term moving averages as we have been this year. This is one reason why I believe it may be some time before we reach a final bottom this year. When we do bottom the bottom will start with a higher volume rally than the previous day, week or month of down volume. I will share this chart again: