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To: Sam who wrote (15175)9/29/2000 9:03:36 AM
From: Zeev Hed  Respond to of 60323
 
Sam, my "inkling, is purely from the technical action of the sectors involved. a bunch of double tops and failed breakouts. SSTI move just short of 435 few weeks back was a double top, SNDK move about $88 to the low $90 was a failed break out, the breaches of a number of chips and AMAT of their late May early June lows is ominous. These are the type of signs that tells me the market is moving from th exuberance in March to the desperation that signal bottoms of bear markets. We are not even half way in that move, IMHO. Of course we will have rallies in between, but these will be selective.

Zeev

Zeev