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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Michael Young who wrote (196)	2/11/2002 5:17:53 PM
From: Robert New	of 787

I covered KLAC and VRTS on friday but held PMCS and will add if we see 24.50 where the downtrend line comes in. I picked up some AMAT in the last half hour on all the excitement created today on the analyst upgrade and late day pump. QLGC is also looking inviting here on the short side imo. Would also like to reenter KLAC somewhere in the 59 area if possible. Today's volume was terrible booking 1.5 billion on the naz and like the fact that with each day of rally the VIX is falling fairly rapidly....tells me this rally doesn't have much further to go. Ive got 1875 as the likely peak of the current rally. Wont take too much bad news to reverse this market back down imo...

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