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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: donald sew who wrote (39998)	2/12/2000 2:50:00 PM
From: Jerry Olson	Read Replies (2) of 99985

Hiya Donald... gee whiz...i missed you<g>.. the SOX...my 4c...i had a good week... from the recent Jan lows of 740, the SOX went stright up 200 points to 940 at the TOP of it's trading band... i would think a 30% or 50% pullback would be normal... but to say it put in a top??? maybe for now...but not for this year...i predict it will explode over the 1000 mark with ease.... the semiconductor industry is blowin' and goin' at breakneck speed..i have never seen such ballistic moves in these stocks... their better than the nets<G>...they actually make BIG money... Don we will see higher prices later this year for sure..the "New" cycle is now going to last a lot longer than the olds ones used too... anywaynice to see you posting again... regards OJ

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