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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (33811)	8/27/2001 6:07:42 PM
From: Return to Sender	Respond to of 67692

>TSMC & UMC sure can use the demand to fill their unutilized (fab) lines(about 60%)!!!< Demand will pick up. There is no doubt that most semiconductors are overvalued at today's prices based on the bottom end PE's on previous cycles. There is nothing wrong with daytrading or even shorting the group. I'm just putting my point of view out there which quite simply is that there is enough good news to take the SOX back up to 650 before we see the market sell off again. Furthermore there is the possibility that after Labor Day that institutional investors will decide they have to become much more active in the market. If the SOX has topped out at 650 again by then we could see the kind of blow off selling that some have been waiting for... You know capitulation. On there other hand if consumers continue to spend and Windows XP does drive demand for new computers and chips then we at least remain in this trading range with the possibility of an explosive upside move. RtS

To: Clint E. who wrote (33811)	8/28/2001 10:11:17 AM
From: j g cordes	Read Replies (1) \| Respond to of 67692

While the technology sector has fallen, analysts and economists have claimed the consumer will hold the line. However a close examination of the consumer shows high debt, energy worry, and now retirement paranoia due to market losses and social security funding games. Too much has been put on the consumers' shoulders in my opinion. Business may fail, government may falter, but the lowly consumer is expected to dig deeper to support wall street, big business and government spending... can't happen, won't happen.