MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: Carl R. who wrote (4510)	9/24/1999 8:24:00 AM
From: Zeev Hed	Read Replies (2) of 4697

Carl, actually after a down opening, I think that the market may stabilize here and not give us the one two punch of normal October crashes, (severly down on Friday and a major blue Monday), we have already reached quite an extreme in the tick. So, I expect a moderately down day (maybe even positive close on the Dow, but not much), and an up Monday (very moderate and not enough to get back into positive trend, which should be a close above 10700), and then a major turn down Tuesday or Wed. If we do get a 500 dow point decline anywhere here, I think it might indicate the end of this decline. If we are in a real bear market (with a target of about 7400-7600) then we will not see any one crash day, but Chinese torture decline with intermediate stale rallies. Since I think we are not ready for a good year to get into a real bear market, I would opt for the scenario of a rapid clean up and possibly be back in positive mood within two three weeks. Zeev

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