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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (12275)	1/5/1999 12:25:00 PM
From: Jorj X Mckie	Read Replies (1) of 34809

Judy, We are getting close to the point that M.D. Burke says that the semi and semi-equipment stocks should be topping. If I recall correctly he was shooting for the end of January. Most of the semi-equipment stocks that I have looked at have to get through some heavy resistance before they can move up (although KLAC broke a TT today). Do you see us nearing a short term top soon? I am looking at writing covered calls on AMAT. AMAT is at a DT at $47. Tom

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