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

To: Math Junkie who wrote (19823)	7/5/2001 7:55:50 PM
From: James Calladine	Respond to of 30051

RICHARD, well, maybe relative to the semis, but maybe not; however, remember also there is a pattern that goes: -- we made our scaled down numbers -- we're warning for the next quarter, year, etc. The market tends to pay much more attention to the warning part, where it exists. Namaste! Jim

To: Math Junkie who wrote (19823)	7/5/2001 8:52:48 PM
From: eichler	Respond to of 30051

Richard, Sounds reasonable. It is possible that the indicators for the $compx can re-set down to oversold by then. Will have to see how the chart shapes up day by day and how the current sell-off unfolds. What you suggest is consistent with previous quarters warnings and subsequent earnings release pattern. Some good earnings after a good slam down should ignite another rally.... We'll see when we get there... Regards, Eichler