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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?


To: Jerome who wrote (9269)1/17/2001 9:06:50 AM
From: Zeev Hed  Respond to of 10921
 
Except that if stocks start to make highs that are above the last rally's high, or significant piercing of overhead resistance (like VECO closing above about $62, AMAT above $51, CYMI above $35, NVLS above about $48), this would indicate, at least from a technical point of view, that a new uptrend may start (never a guarantee in this area). Then, unfortunately, you wait to see how the stocks handle the retrenchment from the run, and if they hold above their recent lows, you feel a little safer getting in. The problem with that, of course, is that you miss a good portion of the initial thrust.

Zeev



To: Jerome who wrote (9269)1/17/2001 10:50:30 AM
From: Gottfried  Respond to of 10921
 
Jerome, >If every other recent rally has had a very short life span, is there any reason why this rally should persist?<

No. I think this is INTC capex driven. Even with Intel spending 12% more, others will be spending much less than last year. The $treet just hasn't done the math yet.

Gottfried