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To: AlienTech who wrote (439)	8/16/2001 8:48:40 AM
From: robert b furman	Read Replies (2) \| Respond to of 470

To All: I've got my greedy eagles eyes on two stocks(and an index) today: I'm hoping for weakness early today and maybe all day - auto is so much better on that short term stuff. At any rate, first thing I'm watching is the Sox index(sox.x) The semis were first to crash and most hit their lows back in October - they've built a stronger base (compared to all the Fiber stocks in particular -these are the stocks putting in the absolute lows right now IBD sector ranking in this mornings paper fiber optic networks 196 of 197 and fiberoptic componenets 197 of 197 I digress but JDSU is a steal today). The sox is trading below its 200 day moving average(639) It has dip support at 534 and a several month trend line shows trend support JOINING dip support at 546. So support from multiple perspectives confluents in the (534-546) My two looooong time favorites within SOX are:NVLS and COHU I like these better because they are already trading above the 200 day moving average(which in both cases has JUST RECENTLY TURNED UP- (Fibers are trading well below 200 and are still diving). I'm looking for a leading sector that is best positioned to pop up. NVLS : Long term trend line support 42.00 Short term trendline support 47.10 200 day moving average and going up 43.45 COHU : long term trendline 19.36 200 day moving ave 17.58 So today's steal a deal game plan is watch the Sox when it hits 534-546 range Low ball Cohu at 17.60 and Nvls at (42.00-43.50) hoping fear drives the stocks down to 200 day support and wait for the bounce.Watch for institutional support and block trades to come in here and jump on the coattails of the big boys. Wait for Dell to surprise the market on very positive shipments of computers AH tonight - "Dude you're gettin a Dell" will have worked in the preschool purchases(our schools are on right now in Texas - yup the tax rebates were already spent in advance and Dell got a big chunk) Boxmakers are selling that means chips are going and equipment makers will turn. JT on MITA thread bot a Dell and had to wait for a component shortage!!!!! Friday marks a bear squeeze that will surprise. Catalyst is Dell. Heck I'm just guessing - but that's how I'm betting. Bob