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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (39604)	12/29/2000 1:21:41 PM
From: Chris	Respond to of 42787

i would not touch. breakdown from small triangle on daily chart drawn from dec 11.

To: Haim R. Branisteanu who wrote (39604)	12/29/2000 1:33:00 PM
From: Chris	Read Replies (2) \| Respond to of 42787

there is a 5 yr trendline on intc at 25-27. looks like nasdaq (pitera chart)... i think we find bottom for the market at 2000. (gut feel)

To: Haim R. Branisteanu who wrote (39604)	12/29/2000 1:52:14 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 42787

I got a hold on all chip stocks until Mid Feb, ( hold means sell rallys) <G> I may extend the time frame , problem is they are the base in the food chain and as Box makers and such have more inventory than they can move and have to cut prices that will work it's way down to a price war in the chip sector. No way out of lower margins, until the Box makers can improve. Any time they force prices to high they also shoot themselves in the foot. The cycle takes longer than most people think it should, The SOX could still go "a Lot lower" before this is over. There is no way to make the chip guys make more money when they kill sales ( and create artificial shortages like they did ). This is not the first time, and I doubt it will be the last. I will short any rally of the SOX until Box makers start making money again. Jim