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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (810)	4/1/2000 5:36:00 PM
From: Logain Ablar	Respond to of 30051

Zeev: HAUP is right on the 200 day ema. Good to be out. OBAS is worth looking at in the same area but it also broke down and should be on the back burner. CYMI - It is a quandry. I agree on the technicals. It shouldn't have broken support so we have to be careful. On semi's. Well the PnF index includes the equip and chipsters and it actually moved up into a column of X's but is still in bear confirmed status. Don't ask me I can't explain it. The best way to tell the cycle is over is AMAT. When it announces record earnings and the stock is not moving to new highs the cycle is over and its time to rotate out (actually the time would be a little before <g>). With new foundrys and build outs I would think the cycle still has room to run (but many stocks are expensive). However if the SEC doesn't change its stance and requires companies to record sales after the equipment is accepted that will create a revenue and earnings issue which will impact the stock price. Companies and their cash flow will be fine but the stock is a separate issue. GREAT - Your more bullish on ANCR and I don't own any <gg>. Of course CDTS's time is next year for revenue I'm always too early. VLNC - its better to be cautious but we can still get a bounce next week. ULBI had a good move on Friday. Hey maybe the battery makers will finally run. Thats a pipe dream. I see one of my favorites WIND tanked at the end of the day on Friday. At this rate I'll have to start buying KO & C. Have a good weekend. Can you tell I'm becoming a net junkie plus I just don't want to work. Anyway its time to go home and see the wife and daughter. Tim

To: Zeev Hed who wrote (810)	4/1/2000 5:43:00 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 30051

Zeev: Here is the NASD chart. If we go straight back up with earnings to 4,950 to 5,000 without any basing we could have another hard fall and it would be prudent to be out early vs. late. Time will tell if I've learned that lesson. 5250---------------------------------------------------------------------------5250- 5200 5200 5150 5150 5100 X 5100 5050 X O X 5050 5000---------------------------------------------X --X O ----X O --------------5000- 4950 X O X O X O 4950 4900 X O X O X O 4900 4850 X O X O X O 4850 4800 X O X O X X O 4800 4750---------------------------------------------X O --O X O X O --------------4750- 4700 3 O X O X O 4700 4650 \| X X O X O X O 4650 4600 \| X O X O X O X O X Med4600 4550 \| X X O X O X O X O X 4550 4500---------------------+---------------X O X O ------O --O --O X ------------4500- 4450 \| X X O X O X 4450 4400 \| X O X O X O 4400 4350 \| X O X O X 4350 4300 \| X X O O 4300 4250---------------------+-------X O X ----------------------------------------4250- 4200 \| X O X 4200 4150 X X O X 4150 4100 1 O X O X 4100 4050 X O X X O X 4050 4000---------------------X O X O X O X ----------------------------------------4000- 3950 X O X O X O X 3950 3900 X O X O X O 2 3900 3850 X O X O O X 3850 3800 X O X O X 3800 3750---------------------X O ------O ------------------------------------------3750- 3700 X 3700 3650 X 3650 3600 X 3600 3550 X Bot3550 3500---------------------C ----------------------------------------------------3500- 3450 X 3450 3400 X 3400 3350 X 3350 3300 X 3300 3250---------------------X ----------------------------------------------------3250- 3200 X 3200 3150 X 3150 3100 X 3100 3050 X * 3050