Mr. Aloha, I agree with you that the Asian situation will have an effect on the US, but it will be marginal on our "whole" economy, it will impact negatively our "high tech segment. Yet, I have been saying for about two months that we will have a "minimelt", once Korea and the Rim once more occupies the front pages here. Well they have, and now we can climb a "wall of worry" again. Thus, my turnips' forecast of a short term rally. Within two weeks or so we will start and get a stream of negative pre-announcement which, IMHO, will stall the rally. This probably, before we make new highs on the DOW and, IMO, long before we make a recovery in the SOXX. Technically the SOXX could go to about 292, before it is turned back. Thus my "high 18's" for CYMI near term.
Zeev |
