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To: Cynic 2005 who wrote (75410)	11/15/1999 10:09:00 AM
From: MythMan	Respond to of 86076

very interesting -ng-

To: Cynic 2005 who wrote (75410)	11/15/1999 11:39:00 AM
From: Earlie	Read Replies (2) \| Respond to of 86076

Mohan: Wait until after Christmas when: - the PC inventories hit a new record (third year in a row of "Christmas overbuild"). - Corporate buying, which has been in vertical descent all year, REALLY cuts off. - Semi sales crater due to marginal PC manufacturing demand. - Semi sales REALLY implode due to H21999 stockpiling (which I haven't seen in years). Timing this one is going to be tricky, but unless the sheep have completely divorced earnings and growth from stock price (which in fact may be the case), the semi indexes should get crushed. Given the madness in evidence, the bets suggested at this end will be smallish. (g) Best, Earlie

To: Cynic 2005 who wrote (75410)	11/15/1999 12:18:00 PM
From: donald sew	Read Replies (1) \| Respond to of 86076

Hi, Just going after the ripples, but I posted the following on the MDA thread which may be of interest. >>>>>>> It was mentioned on the NASDAQ 100 THREAD that a 100-point move on QCOM accounted for 150 points on the NDX. Not that this thread is focused on individual stocks, but the influence of QCOM is very strong the NAZ/NDX. QCOM has moved 200 points in the last 18 trading days, with about 175 of those points coming in only 9 days. There are some signs that QCOM may be weakening right now. Firstly, if it closes around 390 it would be a SHOOTING STAR. Also, if QCOM closes around 390 that would make 2 days in a row with significant upper shadows, which means that it has closed significantly off the intraday highs. However the volume was still good on FRIDAY, so no confirmation from the volume yet till we get the closing figures today. Once it does start to pull back, one of the first targets would be the GAP near 345. Assuming that the short-term top is near 400, a drop to 345 would imply that the NDX would also drop 75 points assuming that the information above is correct. Thats no big deal - a 50 point drop in QCOM, assuming that 400 is the short-term top, is only a 12.5% drop or 25% retracement of the runup. With parabolic moves it is common to see a pullback of about 1/2 or the runup which would be about 100 points. So a drop to the 345 range is not unreasonable. No Im not shorting QCOM since predicting the end of a parabolic move is dangerous, but just highlighting how a reasonable pullback in QCOM could effect the NDX/NAZ to the downside. Dont forget, CRUDE is still continuing to climb. <<<<< seeya