MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: iod_sherwood who wrote (73256)	3/25/2001 7:20:46 AM
From: Zeev Hed	Read Replies (1) of 99985

iod, as I have said on another thread, I expect a significant low to be set in the sector when INTC drops , finally the second shoes, and admits that they are going to cut capex by a $ billion or so. That will bring the sector down to possible buying levels. I am not sure if it is in the Sox 400 or closer to the recent double bottom at 515 or so. Interesting to note (and store away for the time being) that both AMD and NSM are showing "breakout" patterns, something to watch as n indication that we might be too pessimistic on th sector. Zeev

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