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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (900)	5/23/2002 9:29:09 PM
From: orkrious	Read Replies (1) \| Respond to of 30712

that happens, we'll rally coming out of that. Once we hit the peak, we'll probably drop again. However, that does take time, and it may take several months before it plays out. Agreed, the only question is how much time. Fred Hickey (he writes the High Tech Strategist, which is probably the best tech stock newsletter out there regarding the state of the industry) is convinced INTC will be warning big, if not this Q then next Q. The state of their business is just awful. That will rocket through the whole semiconductors space, and the equips will get annihilated. This will take the market down way below sept lows, since these stocks are still well above their sept lows. I know this all takes time to play out, but I just don't see how we can get the semis low enough in June for that to be their year lows. BWDIK?