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To: SunSunM who wrote (106535)6/5/2001 10:52:02 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
KC, i'm a bit agnostic regarding the very short term, aside from noting that the BKX has produced a bearish looking chart pattern that targets a return to the most recent lows by early August IF it is confirmed (i.e. it has to turn down very soon to confirm this bearish near term pattern is in effect. the reliability of the pattern is approx. 65%).

anyway, i'm VERY negative on the longer term outlook. both technicals and fundamentals are imo suggesting a secular top for the sector is close.