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

To: orkrious who wrote (5490)	9/25/2000 8:52:11 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Jay, Cramer must have read my April "scenario", the election was a big reason to hold this market up and prevent a continuation of the March/June debacle. The post election ear is also a big reason for my bearishness for next year on our "beloved" semi - equip and chip sectors. Zeev

To: orkrious who wrote (5490)	9/25/2000 9:57:04 AM
From: Zeev Hed	Respond to of 30051

Well, having sounded a "buy" last Friday, I'd better start and increase exposure (again <g>), I closed Friday at about 35% cash, and have here added INTC (for a DCB to the $54/$55 area to see how important that overhead resistance is) at $49. SL $45-7/8. That is a "very nice discount to my last sell at $61.5 (G). I may be adding MU later today if I can get something nearer to $51. Zeev PS, earlier last week I suggested that a reentry above $34 for TLM might be nice, but right now, I see that TLM has broken through $34 and I do not recomend such a reentry yet. We may have seen a peak in crude, and basing in the $28 to $32 area might be required before TLM makes another move up.