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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Michael Rich who wrote (15009)	1/3/1998 6:58:00 PM
From: Judy	Respond to of 68065

Good afternoon, Mikey You know my thoughts so this post is mainly for other readers. I have put aside technicals and fundamentals for this Jan effect rally and am trading the sentiment. MF will turn on a dime to flow with the dominant sentiment. Next week the picture will start to clear as the traders and fundies return in full. Imagine if you were a fund manager now working on a new bonus for the year ... what would you buy? Buy stuff that have huge upside potential and little downside risk, buy sector leaders that even if they tank short-term ... no one could blame you. Hmmm, certain stocks come to mind! BAY you said was a short a few weeks ago, the sentiment last week said that the fundies could perceive BAY as a value with low downside risk for the year. Lo and behold, you now see accumulation. CPQ and DELL, the sentiment turned short-term when CPU reported record sales. CPQ may now trade on the hope of solid earnings and split; DELL should trade on similar hopes. MSFT should trade up to 135 -137ish, next week there will be an electronics trade show and MSFT will launch its strategy for internet commerce. And the CSCO kid should run a bit ... for CSCO is what drives the internet infrastructure that must be built ... here and abroad. I'd be pleased if a mild short squeeze occurred next week. TLAB could break out, depends on forward quidance. AMAT has strong technical resistance at 33-35, but could go higher before retrace down. Depends if the fundies decided to put AMAT on the Jan buy list, just like CPQ. Drillers, they will fall, my dear. Listen to the market and its fears. Short Jan calls and go short the stock if assigned. Short Feb calls if they are to become part of a short straddle. Mikey, you are a sweetheart to set up such a nice HomePage for the stock updates. Wow, five panel charts in vivid colors ... I'm used to seeing things in black and white.

To: Michael Rich who wrote (15009)	1/3/1998 8:31:00 PM
From: Philip H. Lee	Respond to of 68065

>SEG/WDC may turn here. Do you have a short-term target based on technicals or MF? CYMI looks to be a beneficiary of the January effect. Fundamentals for MU, although not the best, are better than what most people on SI think. They didn't rush into 64Mbit production, against the suggestions of almost everyone. At the time their move looked stupid, but it turned out to be smart. Now all the 64Mbit producers are in the red with the supply-demand situation worse than that of 16Mbit. The top supplier of 64Mbits, Samsung, alone has enough capacity to fill all of the 64Mbit demand. Drillers have peaked for quite a while, IMO. Cycles in the capital-intensive drilling industry rarely reverse on a dime. Would look to short on significant upward retracements. Philip