Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (14753)	4/19/2001 8:10:27 PM
From: Paul A	Read Replies (3) of 30051

Zeeve, im a bit confused.. I follow you quite religiously (stalker) and being in the semi-biz, Im astonished at the power this rally has behind it.. especially the semis like MU and AMAT.. now, wouldnt this be a perfect time to say if the TA and FA dont jive stick with the TA? Because as I see it, im admitting defeat, and all my opinions about this sector are completely wrong and a recovery (fast one at that) is right around the corner.. Initially I thought it was short covering.. panic short covering.. but resistances have been shattered, and for what- the fourth day in a row after hours the climb continues.. Im just confused why you still feel the rally is about to hit a ceiling despite all the breakouts.. Yesterday I could understand, give or take a few points for irrational covering etc etc.. but the close today was rather convincing.. any thoughts appreciated..

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