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


To: Sam who wrote (53926)9/27/2011 11:24:10 AM
From: Return to Sender  Read Replies (1) | Respond to of 95525
 
I used to watch the SMH to help me judge volume during any particular day. Volume there is anemic at best so far today but it has just plain fallen a lot over the last few years. There are so many ETF's that attract potential investment dollars versus individual stocks anymore.

My point is that just watching this today I don't think we will see meaningful enough volume for a 90% upside day to actually mean we have a bottom in place. That's if we get a 90% upside day.

If I recall correctly as we attempted to bottom in 2009 there were actually several 90% upside days that failed to mark the true and final bottom.

I have already linked to the day it actually did happen last week in a previous post.

Six billion shares of 90% upside volume today for the S&P 500? That would be a lot to ask and we won't know if it does until an hour or so after the close unless someone has a better source to track the data than I do?

Thanks for the update Sam!

RtS