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Strategies & Market Trends : Steve's Channelling Thread

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To: mishedlo who wrote (19282)	6/29/2001 7:48:32 AM
From: orkrious	Read Replies (1) of 30051

I am bucking the turnips here on record. I am too, mishedlo. I stayed short the semi equips and MU. AMAT closed near its lows of the day and all three, AMAT, KLAC, and NVLS sold off. These things are so grossly overvalued, I suspect they were bid up yesterday because of short covering and window dressing. KLAC and NVLS are near the highs of their "boxes" and deserve to be far lower. AMAT is "relatively" weak and has fallen to the top of the trading range it should be in the bottom of. I hope I'm not being too stubborn. My guess is when window dressing is over, down we go. Jay

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