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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (2916)	7/5/2000 3:11:16 PM
From: Philip W. Dunton, Jr	Read Replies (2) \| Respond to of 3661

Ted. The chart deterioration started many weeks before the Salomon report of today. Many of the uptrends have broken badly, especially in the secondaries like COHU, ASYT, EGLS, just to name three. AMAT's chart is beginning to look sick. If MTSN should violate support at 27-28, this breaks the neckline and puts in place a very bearish head and shoulders formation. I am not saying all of this to scare investors in this group, only to alert them that things bear watching. We could turn around and have one hellava rally in the group. However, much hope has been placed in the semicon west conference next week. I might point out the same hope was placed in the H & Q tech conference back in May and it turns out that it was better to sell tech stocks before that conference that during or after it. Just remember, bear markets ignore good news and focus on the negative, which is quite the opposite of what most of us are used to over the past couple of years. Good luck. Phil