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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (13841)5/19/2000 6:28:00 PM
From: Mr. BSL  Read Replies (1) of 15132
 
Justa: BPSEMI is bull Confirmed at 40. Also, the semi RS reversed to 0's for the first time since Dec. of 98.!
Actually, the last time the P&F semi relative strength was in O and the BPSEMI went bull confirmed, making money of semis was like shooting fish in a barrel (Feb 1998).
However, the RS is a long term indicator and should not be ignored. What worries me right now is that the very best semi's from a FA point of view ( BBRC and ALTR IMO) are getting pounded down to their long term support lines.

We are due for a pretty good rally right now. If it fizzles,
we probably go the high neg sentiment, high volume selloff route looking for a bottom.

Hope you still have your big cap pharms. They are still up about 30% over the last month or so.

Dick
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