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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (26631)	9/9/2001 11:38:29 AM
From: Jerry Olson	Read Replies (1) of 30051

HI Zeev INTC broke a big bottom last week under 26...AMAT still looks weak to me as well... while i've been expecting a short term rally here as the SOX index is heavily oversold on the daily and weekly bell curves on P&F..that rally will be shorted.. my downside target on the SOX is next support at 460, both INTC and AMAT night beak their april lows too on the next expected push down move.. however..it will be a nice buying opp for me using Leap Calls...i've used this medodology for years at panic lows...it's too good to be true<g>... and Zeev any uptick in the equips, will move those stocks first as always...if your conservative numbers are right then the stocks will pop since they can easily beat this years numbers even tho their terrible...<g> that will be my bet...right now??? there are NO Orders from my sources..zero..zada..none...

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