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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (21349)	7/7/1998 6:37:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Jimmy, I wouldn't put a lot of faith in the book to bill right now. The Asian economies are furiously trying to export themselves out of depression which means further chip glut. Intel is facing big pricing pressures and is King Kahuna of the semi industry. Intel is wavering around an H&S pattern that points to the 30-40 area, that could fail and we could go to 100. Who KNowS. iqc.com Transport alert. If you draw a trendline on this weekly chart along the bottoms (do not include the most recent bottom) We have broken thru that trendline and now retraced back up to the line and today REVERSED OFF IT TODAY. If we continue to fail this trendline, BIG SELL SIGNAL. BwDIk, I know the Italians and they said 55 days till the Internuts made a reversal (well not really, I got the info from Nostradamus -ggggg) Propeller beanie says caution ahead, though more upside potential after we correct for a while. bbbbeeeeee