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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

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To: Johnny Canuck who wrote (22728)	8/12/1999 7:33:00 AM
From: Iris Shih	Read Replies (1) of 69358

Harry, I wrote this to you several weeks ago, "I am looking at some of the semi equipment and chip makers again. Some of them look very, very good, including cymi. From 3- year chart, some look like cup and handle (now forming the handle parts). Some look like inverted H & S. Just don't know if they can make any big run when the market is taking a breath" I go back to the weekly chart again, and found out that if semis are having a run like '97, they won't stop until fall. I did't expect my intc to break its neckline~72 so soon. Now looks like it's going to 90+ sooner than I thought. Though volume hasn't been too great. What do you think? PS: If semis continues rally, then Qcom might break its new high too? What do you think? Are you in Qcom? Iris Iris

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