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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (11758)7/16/2001 9:06:06 AM
From: James F. Hopkins  Read Replies (2) of 52237
 
Don; If I remember your past idea, it was that the semiconductors would most likely
lead tech out of the slump; ( when ever that comes ). While I'm not sure they will lead
(50/50) on that however I don't think any meaningful rally will go very far without them.
All this to say keep an eye on Taiwan, as they are most dependent on wafers, and
their market seems to move up or down as they see order flow.
quote.yahoo.com^TWII&d=c&k=c1&c=^ixic&a=v&p=m50,m200,s&t=3m&l=on&z=m&q=c
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About the dollar , once before it got relatively high and stocks did too ( better than now ) and it
was when Asia was having problems, in time though the shit hit the fan via the derivative
market and we went down fast..I don't trust this market right now at all.
If I pick between Bull, Bear or Bewilidered..I think I'm in the Bewildered class.
With the dollar as high as it is it seems to me we should have already rallied a lot
more than we have.
In spite of the weak market they are still trying to bring some IPOs out,
and there is a lot of convertibles being sold. If all the convertibles
don't drain off to much liquid they will help put a limit on any rally going
forward. The days of wine and roses are gone and will stay gone for
a long time, we will be lucky if we can stop the bleeding and get the
market to match interest rates, I think those hoping for some new rocket
ship back to the moon are dreaming.
Shorter term keeping one eye on Taiwan wouldn't hurt.

Jim
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