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Technology Stocks : KLA-Tencor Corporation (KLAC) -- Ignore unavailable to you. Want to Upgrade?

To: Xpiderman who wrote (1027)	3/17/1998 8:38:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 1779

Hello Xy Zhao I just looked at KLAC on my Point & Figure chart. IMO the stock just had a "bullish signal reversal" on 3-3-98.. It broke its uptrend line or it's bullish support line...this stock could hit its 52 week low soon at around 33-34ish...there is good support there... However the entire semi sector ia in a Correction phase as we speak...I know because I've shorted a lot of techs including KLIC...The Asia problem is just now begining to appear in these numbers and will last at least 6 more months... When the Big Cap techs report there will be serious collateral damage to vendor/suppiers of these stocks...the worse is yet to come, when earnings start in earnest in Apr...the "tech wreck" will look like a "bomb site".... All the semis & semi-quip makers are in for a major short fall..."The Problem" in Asia is far from over...I believe AMAT-KLAC-NVLS-SVGI-UTEK-KLIC etc etc will all get killed...and most important DO NOT Bottom Fish, or average down...No Way Jose<g>.. Hey this of course is JMO.... If KLAC breaks 33-34 it will plummet... Regards to All, Jerry