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To: UnBelievable who wrote (8665)8/1/2001 3:56:45 PM
From: JRI  Read Replies (2) | Respond to of 209892
 
Soxx is going to close about 200 DMA, and that has to be respected, but I find it funny that most of today's gain was gap, and yesterday, we sold off after strong up early...

I guess the bull would say that we need a few attempts to break down trend line (off highs)...but this is burning up energy for sure (overbought here), and given the time of year/month...I struggle to see heavy buying coming in here..

Let see, in last few days:

* John Joseph reiterated his April call; Even arch-enemy Merrill join the "buy the semi's" camp
* Abbey Jo says she's 25-30% overweight tech
* Every technical analyst I've seen (including Murphy)- many of whom have gone on TV- are saying the bottom is in
* Galvin on TV "buy"

Damn, how much more pump can be put out there in the next few days?

All we're missing is Al Goldman, and the top is in! g