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Pastimes : Ask Mohan about the Market

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To: Tommaso who wrote (13080)	1/14/1998 8:54:00 AM
From: Zeev Hed	Read Replies (1) of 18056

Tommaso, what will it take to change your "permabear" attitude? I for one, am bearish only short term. Since my tea leaves are telling me that the main direction of interest rates is lower, the market may not be as overvalued as the bear on this thread are painting it to be. I may have to cancel my short term bearish stand if the techs are going to heal. MU and TXN are already showing significant technical improvement, if AMAT closes above about 33 and INTC above 81, I would say that a bearish stand will have to be set aside for the techs. Who knows, the energy segment and the natural resources segments might be the one in which weakness will remain, and even that not for too long. The next few days will be telling. Zeev

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