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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (5802)	11/15/2001 6:02:07 AM
From: Steve Lee	Read Replies (3) \| Respond to of 99280

What do you think of crude at $18.75? Might take a nibble for a DCB. Siemens up today in Europe on a smaller than expected loss. Looking at the details doesn't bode well for tech though, especially comms cap-ex. Siemens acknowledged that lower spending by the carriers is impacting its communications equipment businesses, the company added that it expects Power Generation, Medical Solutions and Transportation Systems to "continue their positive development particularly due to their considerable order backlog." As a result, Siemens said it's standing by its targets for improvements in operating profits by 2003, but that its communications groups "might take longer.

To: Crimson Ghost who wrote (5802)	11/15/2001 6:27:00 AM
From: t2	Read Replies (1) \| Respond to of 99280

Retest of lows very unlikely, but a 50% retrace of the the rise looks probable in the weeks ahead If the economy is turning around, I think a 50% retrace looks just as unlikely as a retest. I feel more certain of this because the drop after September was caused an external event, an unexpected tragedy. Maybe a retrace of 50% from September 10 levels to current. Of course this won't make sense technically. Europe's strong showing even today hints that this is not really about AMAT's bad earnings. There is a major change taking place in the investing world. I am looking for the near term top on the Naz (to sell) but I keep pushing it out---maybe today, next week--no way to know. Just waiting to see any reversal of this uptrend--might sell after it reverses instead of trying to time the top.