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Strategies & Market Trends : Point and Figure Charting

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To: Al Serrao who wrote (3261)	5/29/1998 12:01:00 PM
From: Judy	Read Replies (1) of 34809

Al, it would be prudent not to take a significant position in any semi or semi equip maker until MU reports on June 16th. I expect MU to say nothing positive and Kurlack to open his mouth and vindicate his correctness in calling for more pain in the sector. There are also clouds on the horizon for INTC, I shall post this weekend on the Ideas thread ... several people have sent me private messages regard INTC and semis in general, to which I will respond via a weekend post. This is the season to fold technicals and fundamentals and market internals and tape action together. Again, all signs confirming ... or stay by the sidelines unless your time-horizon is years. Remember, semis are 4-year cyclicals.

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