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


To: Zeev Hed who wrote (5873)10/5/2000 11:20:47 AM
From: Craig Lacy  Read Replies (2) | Respond to of 30051
 
SCMR is headed south. Looks to be in buy range unless there has been a fundamental change.

nwsailor



To: Zeev Hed who wrote (5873)10/5/2000 4:39:02 PM
From: Logain Ablar  Read Replies (1) | Respond to of 30051
 
Zeev:

When you have a chance I was wondering if you can give an opinion on the following.

1) Technical read on CMRC. IMO holding above $60 today was a good sign but still below the 50 & 100 day ema's. I'm wondering if it will revisit $55 area. The sector is now selling off which is adding to weakness. The momentum and day traders are all over this stock now. TIA

2) The semi equips. They are just getting trashed. Now I like LTXX, ASYT, CYMI but the way they are being trashed we have not yet found a bottom. I know your scenario that the cycle has peaked. Seems valid from the carnage. Any idea how this normally plays out for this type of correction?

Thanks in advance.

I know you like BRKS and they fall into the category but I don't follow them too close.

NAZ seems to be looking to rally for a few days. Maybe into middle of next week. Imagine when companies that didn't warn start to disappoint. That may be the next catalyst since we are basically past warnings.

Tomorrow should be a light trading day.

Tim