Wow Kevin, you were Right on Target!
Well, since nobody else is going to say that, I thought I would.
On Dec. 3 it was written,
Message 2869266
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Andrew, all--looking for clues to the end of this TECH correction.
techstocks.com
I started out wanting to find a few tech stocks that would show the typical TECH correction pattern over the course the last 6-7 years, so I started out with Andrew's latest fund list....culled that down to AMAT and KLIC. Therein the chart.
As it turns out, these two seems to show that there may be more to down side for the Techs. And, even if we are near the bottom, there should be another 3-4 months of grovelling near these levels before the next uptrend begins.
In short, although prices are pretty low, there could be some rough riding untill the next upsurge. Anyone interested in some nice retail stocks?
-Kevin
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Ok, so 3 months later we have most of the semi and semi-eqips in the same price range they were in on Dec. 3rd, right before they got thrown kicking and screaming down another flight of stairs. That kick turned out to be the bottom, so far.
Just reminiscing. Now, back to your regularly scheduled program.
-kh |
