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

To: Kirk © who wrote (48163)6/9/2010 3:35:20 PM
From: Donald Wennerstrom  Read Replies (2) | Respond to of 95609
 
Kirk, The chart is only supposed to show the long term action for the "general" market, and the S&P 500 is supposed to be the broadest gauge of the "general" market. I know, you know full well the NASDAQ is very tech oriented and not as representative of the "general" market as the S&P 500.

Don



To: Kirk © who wrote (48163)6/9/2010 3:58:11 PM
From: Donald Wennerstrom1 Recommendation  Read Replies (3) | Respond to of 95609
 
Kirk, Let's look at a long term chart of the SPX overlayed with the DOW and the NASDAQ. Here we can see the NASDAQ bubble in all its glory, but the "market" has settled down since then.

The SPX is the blue line now in between the DOW and NASDAQ. There is a lot of correlation in the time axis between the 3 curves. Amplitude is variable of course. At the moment all 3 curves are going down.



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