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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 688.98

+0.5%

Jan 22 4:00 PM EST

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To: Johnny Canuck who wrote (14970)	1/6/1998 6:32:00 PM
From: Clint E.	Read Replies (1) of 69962

Hi Harry. We came back last Sunday. Was very good to be away for a while and now good to be back... -------------------------------------------------------------------- Your CDMA article was looked at.... The comment that I received was that everything in there is generally true... SHORT-TERM concern as far as sales to Korea is very serious since Won is worthless and Korean Operator(s) have problems in coming up with letter of credit in US $. QCOM brushed this off in their CC but this could be a major problem going forward. If QCOM wouldn't accept Won and Operators cannot get financing in $, Korean operators could turn to Samsaung and use their H/S instead (assuming that the demand is still there). Samsaung is scaling up H/S production in the 1/2 half of 98. The growth in South America is "healthy" but not happening as fast as everyone hopes. -------------------------------------------------------------------- I am still negative on SOX and SEMI stocks as long-term investments.. They haven't bottomed yet, IMO. Growing negative on telecom & datacom stocks in the short-term as well. I am looking for a lack-luster, range-bound, trading market in the 1/2 of this year with new highs later in the year. NAZ doesn't really want to go up now ahead of earnings so these Jan-effect early-year window-dressing rallies here and there don't mean anything to me at this point other than providing trading opportunity. LRCX should make a new 52-wk low by the end of Jan. I went short today. Long YHOO, NETA, and BMCS... Short-term, that is!!! Take care; Clint

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