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


To: Logain Ablar who wrote (3414)7/21/2000 12:15:32 PM
From: xcr600  Read Replies (1) | Respond to of 30051
 
Sox looks horrible. Dbl top. Although we could be setting up for a double bottom (1065) or a rangebound sox.

Either way I am not nearly as confident as Zeev. Election still further off and what is there to drive stocks during the dog days of summer? I'd say tankege till Aug 15 or so.

bwdik.. good luck



To: Logain Ablar who wrote (3414)7/21/2000 12:37:42 PM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
Tim, CYMI has very strong support just around $41, so I am going to add a little more here (I got $42-3/8 just now). I think that the downside risk in some of the semi' equip is minimal with LRCX, AMAT and few others approaching the late May lows. If these lows are breached, the situation in this sector is even worse than what I was forecasting (to ample objections from the semi equip bulls, I should say).

Zeev