Jay, yup, my turnips were off by a month (like they were in February, maybe I should tune their clock?). But seriously, the fact that we had no topping action but a straight inverted V, indicates to me that we are going going to go up before the minimelt. During this rise I expect the semi equip to do quite well (still expect 22 on VYMI and 32 on VECO), I might even try another trip in AMAT and NVLS if they go back into my buying range.
After that, however, I may have to revise my Autumn scenario downward because of the deterioration in market momentum, but before that, I need to see the "color" of the next rally.
Zeev |
