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

To: Paul A who wrote (18523)	6/21/2001 7:59:17 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Paul, I think you misunderstood me. I am on record that by August MU will have seen about $19. When Jay asked about MU few weeks back, I suggested shorting (I believe at $42 with an appropriate SL) with a target of $35. If it is already $35.5, then we may break the April lows (about $34), this time. I am not bullish on the semi, I am n record that before the end of this debacle (August or maybe even October), the SOX will have breached 517, the December lows. I have said many times that the last leg in the decline of semi, is often the most painful, it has to be to get the last bull to throw in the towel. Zeev