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

To: Return to Sender who wrote (54045)	10/3/2011 3:59:39 PM
From: The Ox	Read Replies (1) \| Respond to of 95368

During these past few months, we've seen a number of 3 plus-day drops in the S+P. Today makes 4 straight days down hard and we saw a 6 days drop a few sessions before we hit the previous bottom at 1101, the area we are testing today. I can see this index falling as low as 950ish and it also wouldn't surprise me if we were to see a rebound start about right here. If I had to, I would guess we get another hard down tomorrow morning, a short rebound and then the hard sell again tomorrow right around lunch time- 12pm eastern time. Then the question is to see if we get buyers late in the day, or if we need more selling to get a short term climax.

To: Return to Sender who wrote (54045)	10/3/2011 4:05:29 PM
From: The Ox	Respond to of 95368

Every single talking head I heard over the weekend and this morning all said they were staying on the sidelines until things change and the trend turns up. The crowd isn't surprised at all by these drops and we are getting conditioned, day after day. One would think this is what bottoms are made of but the data doesn't support that assumption, imo. Unless these talking heads are doing the exact opposite of their public calls, then it seems fairly obvious that it's "down we go"....