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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Ausdauer who wrote (7291)	10/4/1999 1:56:00 PM
From: Herc	Read Replies (2) \| Respond to of 60323

Again reviewed chart and SNDK has already fallen thru support at 66 and retrenched 66% on Fib. #'s, so next support appears around 42. But TA is only useful 1/3 to 1/2 the time.

To: Ausdauer who wrote (7291)	10/4/1999 3:07:00 PM
From: Rich Miani	Read Replies (1) \| Respond to of 60323

Sandisk acquires Invox(sp?) patent portfolio. Just hit the tape...don't know any details....

To: Ausdauer who wrote (7291)	10/4/1999 3:33:00 PM
From: Sam	Read Replies (2) \| Respond to of 60323

Aus, Thanks for reminding of past successes, which mean of course nothing about the future, especially when you likely could have pulled at least 3 predictions that went awry for each one that worked. That is the secret of successful predictions: make lots of them. The low 50s/high 40s look like there should be a lot of support. Though I don't really believe in these things as rule, we have "filled the gap" that was created when we gapped up last July in the MP3 craze after the CC. See the chart at siliconinvestor.com. We had a high volume down day post earthquake, then an even higher volume up day right after that. That was encouraging. If I believed that the general market (and especially the semi market) had decent legs here, I would be a buyer in here, anywhere between 50 and 56. However, I am still queasy about the overall market. It seems that "everyone", at least if the talking heads are to be believed, thinks that the Fed will hold pat tomorrow. If true, that means that the only surprise will be a downside surprise. If they either tighten (which I too don't think that they will do ) or give a tightening bias (which they might do, since that will probably serve their purpose from their point of view to tighten up somewhat the real economy), the market will probably sell off, at least somewhat. I don't think it will be that long or nasty a sell off for now, I think earnings are expected to be pretty decent, and the market will want to peek at them before really selling off. But after the earnings season is when I think we may see the real thing, sometime perhaps in November or December, when people think stocks "should" be stronger. I think we'll just churn with a downside bias until then. If I am right, it will be really really hard to buy much of anything at that time. We won't be thinking of buying, we'll be trying to "preserve capital", and hoping to get even, or just make a little. And that will be the time to buy. Except we'll be either too broke to do it, or you'll have to be "crazy" to buy. IMHO, so it goes, Sam "The gods reward those who overcome anguish." Nietzsche (sounds a little like him anyway.)