WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 187.88

+0.1%

Jan 5 3:59 PM EST

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To: Zeev Hed who wrote (18685)	1/26/2001 11:48:38 PM
From: Trader X	of 60323

Ides of March I am also looking for a double bottom at $24 as a 40% probability. Also at 40% probability is a triangle reversal with this week's low being the higher low relative to week one of this month, provided that $30 holds support. A brand new low rounds out the remaining 20%. I think what could induce a full blown recession is if the current tide of lay-offs snowballs into massive unemployment. Nothing causes a recession like negative wage growth. Then you go from scaring people from buying into actually taking away their purchase ability. Don't forget the California wildcard either. Loss of productivity in that state could be what tips the scales toward a real recession. A domino effect could ensue. Bush should begin emergency relief efforts to help out California, now. Or maybe Bush wants a recession he can blame on the Democrats?

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