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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (580)	2/11/1998 5:04:00 PM
From: Judy	Read Replies (2) of 34811

Hello, Tom AMAT and the other semi equipmakers continue to perform as expected so far. I did not cover my existing positions and stand ready to sell puts as posted. 22 million shares traded today with blocks buying. After profit taking and hedge positions unwinding for options expiry, AMAT should flux about/above its 200-day ema with up being the path of least resistance. Not unlike what KLIC has done. Note today the volume in CYMI and WFR and recent upside volume in MU. Blocks are willing to bet the industry rebound will take place sooner rather than later. Semis and semi equipmakers are attracting value players now then momentum players later. Nice to be on board before the mo-guys come. I don't try to catch the bottom these days but watch to catch the turn in trend. So, you work for CSCO? Love the CSCO kid but risk/reward says BAY may have more to offer in the short/mid term.

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