Here is what are some possible target, KLAC, $38.5, possibly even a break to $33.5. NVLS $32.5, with a possible break to 28.5, AMAT $31, but if $30.75 is breached another trip to the year's low at $26.5, and possibly even reaching my long standing low for AMAT's cycle low at $25 (g, missed that one by a $1.5 last time...). As for CYMI, I think that the strength is gone by nw, and I expect it to retreat to the $17/18 area and if $16.8 is breached, then another trip to the year's low and possible breach there. If s. berg is right, and this is more than a 4 quarters recession, then all these numbers will possibly be breached.
Zeev |
