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Strategies & Market Trends : Steve's Channelling Thread
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To: Logain Ablar who wrote (1046)4/16/2000 6:52:00 PM
From: Zeev Hed  Read Replies (3) of 30051
 
Tim, after breaching $80, Friday, AMAT closed above it, but yes, that was my signal for the whole sector, and I believe that after a rally and possibly another strong last grasp rally later this year, the sector is Kaput". I had a high of $85 for CYMI, there is an outside chance we may still get it this year, but I doubt it. Mind you, mine was the lowest high of all prognosticators on CYMI thread, and I believe that if it is reached, it will indeed mark the high point of this semi cycle.
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