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To: AllansAlias who wrote (37845)5/3/2002 10:49:30 AM
From: marginmike  Respond to of 209892
 
I agree, but I still see modest rally going into expiry, maybee back to 1690-1700 on crack



To: AllansAlias who wrote (37845)5/3/2002 10:49:40 AM
From: byhiselo  Read Replies (1) | Respond to of 209892
 
it was mentioned on this board earlier this week,

but the way it looks now, we may not get a significant bounce in compx/ndx until sept lows

people waiting for a bounce to short, bounce doesn't happen, no shorts (buyers) under the market, market sinks

cheers



To: AllansAlias who wrote (37845)5/3/2002 11:20:28 AM
From: Perspective  Read Replies (1) | Respond to of 209892
 
AA, NVLS & LRCX have virtually identical Ewaves to KLAC. ABC down, great big ABC back up - just waiting for the impulsive flush to new lows. In KLAC, the corrective up wave is virtually perfect. AMAT has a similar count, only weaker and downward sloping.

Tell me if you think that's a contracting triangle on RFMD over the last year starting with the short covering rally in April 2001.

BC



To: AllansAlias who wrote (37845)5/3/2002 6:11:01 PM
From: Perspective  Respond to of 209892
 
Semi equips have traditionally bottomed at price to sales and price to book of 1.0. For KLAC, that's 80% lower than now. Wicked downmove possible for semi equipment? You bet...

BC