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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (34819)4/14/2000 12:51:00 PM
From: Jerome  Read Replies (2) | Respond to of 70976
 
The selling is almost over: Here's why

The pattern we have seen for the fast few weeks is drawing to a close;

Pattern 1 sell into strength (there is no strength)
Pattern 2 sell in the last hour of the day (todays action indicates why wait?)
Pettern 3 sell in the pre-market (risky business... at best)
Pattern 4 sell before earnings are announced (didn't help MOT, KLAC, SUNW or much else)
Pattern 5 sell at any price (we are seeing that now)

PATTERN 6 NO SELLERS LEFT

By some time next week a new rally will begin. We saw it in value stocks and we will see it here. I would speculate that INTC earnings and the BTB for the semi's will turn the tide.

FWIT.... Jerome