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

To: Justa Werkenstiff who wrote (74954)	4/15/2001 5:10:08 AM
From: GREENLAW4-7	Respond to of 99985

My point regarding 95 and the 500-700 range that year was to show where the SOX index was then, and to compare fundamentals with today. Looking at prices in 94-95 and sales of today its a good comparason of where these chips should be trading. Also look at the 87 crash and what happened to the sox, those that bought at the bottom in 87 got killed the next 3 yeas as the chips did not bottom until 90. This is why Dan Niles makes the most sense when he said we are not even close to the bottom in chips yet. I actually believe chips will be the last to bottom and do not be surprised to see the likes of stovks like MOT at 5-7, TXN at 5-7, MU at 5-7. This is clearly using fundamentals today with prices of yesterday to get a proper valuation.