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To: Perspective who wrote (47447)7/25/2002 11:32:10 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Happy birthday Bob.

Remember about 3 or 4 months ago when we talked about the structure in some of the semi's, notably KLAC and AMAT? Well, it is unfolding and it's outright scary.

(For others: Take a look at the AMAT monthly to get the idea. *If* that first leg that ended in the fall of 2000 was an 'A', then the up/down/up into this spring's high was the 'B', then this down is the 'C' and AMAT is going way, way downtown. Of course, this read might not be correct, but it looks good and needs to be respected.

We all know the market is HUGELY oversold. I am not calling for the NAZ to go to zero here. If I short it will be in small amounts and in selected stuff. Nothing goes in a straight line.)



To: Perspective who wrote (47447)7/25/2002 11:50:36 AM
From: Petrol  Respond to of 209892
 
Happy Birthday, Bobcor :)



To: Perspective who wrote (47447)7/25/2002 12:00:46 PM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
How Dow may bow:

*premature wiggle alert*

I know we look for them too often, but if there ever was a time to be on guard for it, now would be the time, as when they do appear, it is normally after a monster pop. This move in the Dow could terminate with an ending diagonal. Take a look at, say, a 20min chart and you'll see we'd probably be in 'iii' up of said ED. Not trading non-tech, but it might explain the overlap we are seeing there.


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