As I've been saying for several days. . . watch the chip stocks!! Each day we see big moves by several DIFFERENT chips. If they all moved at the same time. . . EVERYONE would jump in!!! So instead, they are popping one by one. . . .
Before we were talking about RFMD, NATP, BRCM, etc. . . and today it is CNXT, LRCX, KLIC, ATML, etc. . . . another day it will be ALTR, XLNX, AMAT. . .or AMCC, PMCS, MCRL . . . then back to RFMD, NTAP, BRCM.
They are moving as though they were tied into various sub-sectors. I would appreciate someone looking into this to see if perhaps there is a pattern to the movements. . . and if indeed they are moving as sub-sectors. . . so that we may refer to them in sub-sectors during our discussion.
We have already seen that MRVC and LPTH are tied at the hip. . . .FNSR, EXFO, LNOP, POCI, APAT may likewise move in symmetry of sorts. . . and should be watched for signs of synchronized movement, especially with GLW, JDSU, CIEN, etc. leads.
And don't forget the newest of the hot opticals. . .OCPI, which was spun out of Furukawa Electric. . . .speaking of which. . . Furukawa is no longer trading as FUWAY. . . does anyone have a handle on how it is trading in the U.S. now? We need an accurate symbol for our Dec. 2000 Long Portfolio.
It is appearing that great effort is being made to DOWNPLAY RALLIES!! Today Dan Niles says, "sell into rallies". . . other analysts are still downgrading. . .and the current spin is to focus on the negative. . . . . . this posturing would correspond with our latest burst theory that any upward movement in techs will be done all at once. . .seperated by several days of downward drift. . . giving the illusion that the markets are still drifting lower on slow volume. . .thus DRAGGING OUT THE FEAR.
From a strategic standpoint, it is rather clever. . .which is consistent with other such measurable ploys. . . many of which we have yet to uncover. >g<
Rande Is |
