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Global Internet Sector: Bottoming Out!
Monday, August 4, 2008, 10:06 AM ET
Bullish Factors: daily
MACD - bullish, daily Stochastic Osñillator - bullish, ETF trend
(daily) - forming a bottom; Support at 48.3, Key sector components sentiment
(Consumer Services; Media; Software) -showed relative strength, Program
trading buy orders at 48.0 after Jul 18, Implied volatility (29.51%) <
Historical volatility (33.35%),Unusually high option trading volumes for
Nov 55-65 Calls
Bearish Factors: Resistance at 52.7; 50MA, Average P/E
(25.65), Average P/B (2.87), Average P/S (2.47)
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