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

To: orkrious who wrote (29386)	2/11/2002 7:41:17 PM
From: Alex MG	Respond to of 99280

Look how many times KLAC gets near $60 but is always repelled. It's getting close again, and may get there with the AMAT hype. $61 is the 52 wk high on KLAC while NVLS & AMAT are well under their 52 wk highs. So KLAC near 60 should be a safer short, with a tight stop of course. Just in the month of Jan- KLAC hit 60.3 then one week later was 49-50, then it marches back up to 59.5 and 2 days later back to 54. And now it's back up to 57.7 today, and likely to push a little further tomorrow... Very similar action as last summer until it finally caved.