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

To: limtex who wrote (14233)	4/8/2001 3:21:29 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Limtex, just as last April, they were over optimistic and said "this time it is different", now I believe they are over pessimistic saying this down turn will take till 2003 to end. It is my expectation that a low will be set either in August or in early October. However, I also think that the rise, while fast and furious, will not last much more than 6 to 9 months before we top again. By the way, last April when the BTB reached this unbelievable level of 1.44 was when I turned cautions on the sector, and right now for few weeks I am positive on the sector, but no on, IMHO, should stay in the semi space past the end of April, probably not past April 21st. Zeev