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To: Snowshoe who wrote (13879)2/5/1998 4:23:00 PM
From: Zeev Hed  Respond to of 18056
 
Greg, my very short term indicator for high tech made an about face (from pinkish to very pale or bearish) in the last two days. This was that sole turnip of which I spoke two weeks ago, the stubborn little one was turning pink in face of the doom and gloom, I did not listen to that one, to my detriment. Well this time, I am listening. Adding to that a very typical one day reversal in the SOX, I think that my basic forecast of a weak February still stand. MU just turned tail as well. And the weaklings like NSM, AMD and LRCX really look bad.

Zeev



To: Snowshoe who wrote (13879)2/5/1998 9:35:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 18056
 
Greg, I think that Qualcom announcement after the close fits very well with what I meant by "denouement" in SEA. I am afraid we will se even more of this during February.

Zeev