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

To: Return to Sender who wrote (42938)	1/23/2009 2:45:16 PM
From: robert b furman	Read Replies (1) \| Respond to of 95587

Hi RtS As always "Thank You for sharing your work,thoughts,and great charts. Just a little something to add to the mix. stockcharts.com As new bottoms or tests of bottom ocur.Another sign of a slowly building bottom PROCESS is :fewer new lows being made with every new retest of a past low. This can be seen in the Naz with $nahl: Note how past spikes in both slow stochastics and Macd have created many new lows - but over time they have been much less productive in creating new lows. An absence of weak hands holding the stock. As new lows dry up short sellers know the competition to cover is harder to find. They quietly cover in the hopes of a Rally not competiong with their intents. Perhaps this is part of your volume growth,both bottomfeeders and short covering chasing after low price value. I'm thinking we're getting close to a possible Rally that will begin to give us new highs that grow sequentially. That's when we catch the late shorts, that came to the party and stayed too long for a nice false start that will pop the stock but then fall back another clue of a market rotation . Key is to look for leadership and I saw the semis doing very well for a down 200 plus open. Things are looking up for our sector. Lord knows its been a long time coming. Bob