Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gottfried who wrote (56110)	4/29/2012 12:10:43 PM
From: Return to Sender	2 Recommendations Respond to of 95572

OT: ITB Charts in various time frames. I have overlaid the ITB here versus the VIX(Volatility Index). Note that whenever any chart reaches an RSI nearing 70 or more that it is overbought. In roaring bull markets RSI's can exceed 70 on the daily chart by huge amounts even reaching 70 or more on monthly charts. Also watch the channels, bollinger bands and %B for signs that the index is overbought as the ITB is now. Can it get more overbought? Of course it can. But I am the type of investor who likes to the best potential performers in oversold markets. This is not an oversold market. To be sure being long here is the right move. But with 34 months of an advance behind us, much of the world in recession, our presidential election merely months away with huge changes likely thereafter I would advise being cautious. RtS