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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: HairBall who started this subject4/13/2001 11:10:21 AM
From: Justa Werkenstiff  Read Replies (2) of 99985
 
**Chip Cycle Flashback **

I suggest anyone who thinking about whether the "worst is over" in the chip cycle should read this blast from the past -- April, 1998. Some things never change. Look at what was being said then and what is being said now. The analysts in this piece was right. We all know what happened to the chips as 1998 progressed into summer and the autumn. The fundamentals showed no sign of improvement and the stocks continued to break down from trading ranges.

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