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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Doug who wrote (71704)3/10/2001 8:00:01 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
If you look at the long-term relative performance chart on the Value Line summary for the semiconductors, there's still a long way to go the regular cyclical trough as measured in relation to the Value Line Composite.



To: Doug who wrote (71704)3/11/2001 10:27:45 PM
From: Benkea  Read Replies (2) | Respond to of 99985
 
" Currently many sub sectors of the NAZ have come down. The sector most overpriced is the SEMI's .

If we use the 98 price corrected for revenue (00/98) the group is near 100% overpriced.

Like in 98, these stocks could start a descent to reach a bottom in Aug."

It isn't real encouraging:

securitytrader.com^SOXX&ChartID=20833&ChartType=D