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

To: Paul Shread who wrote (3885)	3/23/2001 12:03:27 AM
From: Challo Jeregy	Read Replies (1) \| Respond to of 52237

well, it fell out of the diamond at around 10000. ?????????

To: Paul Shread who wrote (3885)	3/23/2001 6:00:07 AM
From: JRI	Respond to of 52237

Paul.....I went ahead and disrespected that 13-touch (or so) 1800 support line.....Homer says "doh".... Pretty good rally bottom there....but I am still a bit skeptical given the internals, and the massive short-covering that went on.....certainly, the move was impressive...but its time to see some real buying (and holding) over the next week (at higher levels), and not just one/two day wonders... I still think that calling a semi bottom here is spittin' in the wind...and the fundamentals dont support it (only real good news was MU saying DRAM prices flattening....but given their, ahem, questionable track record on forecasts vs. recent "we know nothing" comments from Intel.....I dunno, I don't see the reason for the turn yet)..Also, to many folks still willing to jump on any little bit of positive news....makes me also skeptical of the significance of yesterday...too many trying to time bottom.....Jonathon Joseph, the SSB guy who so accurately called the semi top last summer, is not looking for a turn until late summer, and has said that the stocks usually turn a quarter AFTER a turn in the fundamentals...we'll see.. Hope yesterday was very profitable for you.....Dennis is getting me some foie gras...want some? <G>