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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (13623)	8/23/2002 6:37:03 PM
From: fedhead	Read Replies (1) of 57684

May not lead but we cannot have this divergence for very long. The upturn in demand should be confirmed at some time by an upturn in semis. Instead we have foundries like Taiwan Semi etc slashing capex. That would not be occuring if they expected a demand pick up soon. In any case the charts of tech are just showing an oversold bounce. I would prefer them to take their 200 day MAs, build bases , hold the 200 days before going long. They are ways away from that. The only techs I like are CTSH, ERTS. Anindo

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