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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (477)	3/16/2000 8:37:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 33421

Hi GZ, Of all the semi equip stocks I track daily ,it must be noted that the freefall of recent has left the extended price on the top of these stocks trading envelopes.Historically price should pierce into the envelope and find resistance at the mid point.If it bounces there - it usually is a great set up for a second top. If it falls thru the midpoint it is deep doo doo for the stocks in this sector. In short I don't even see the fat lady yet and there looks to be a good run at the past highs still in the wind. If a second run at highs occurs and shows many divergences then we will witness one of best classic short opportunities in a lifetime. JMHO Bob