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Strategies & Market Trends : Steve's Channelling Thread

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To: Bosco who wrote (1338)5/1/2000 1:16:00 PM
From: Zeev Hed  Read Replies (1) of 30051
 
I think that the sox is ready to break down very hard and go lower than the mid April lows, beware!!! I got into CYMI only because it is so close to the support at $36, but I am out of all other semi's right now. I may go back into few if they do not break, like BRKS in the mid $70', VSH in the mid to low $70 etc... I believe that the start of a major break in the sox is "imminent".

If I do not get a good bounce from CYMI, I may bail out even or so.

Zeev
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