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To: chic_hearne who wrote (6680)7/28/2000 1:35:26 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<can anything save the SOX? It looks ugly.... sell now, ask questions later...>>

I'm looking to sell or poot the semi's here on any kind of reaction bounce up (i.e, when the stocks that broke their head/shoulder necklines rally back to test the line from below). Unlike some of the posters here, I think INTC is shortable now, also CSCO. In a correction or a bear market, the "safe" big cap names tend to start down last, so they are next. MU could be shorted anytime. I think the semis made a secular top in March, a secondary top a few days ago, and now its all over.

That said, I ALWAYS use stop losses on my trades so I know how big the risk is. Watch the semis closely, I think the next 10 trading sessions will be somewhere between fascinating and historic. All of this is just MHO.