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

To: fedhead who wrote (17094)	7/15/1998 3:34:00 PM
From: Tiley	Read Replies (2) \| Respond to of 69358

Anindo, Is your expectation that semis are turning based on technicals or do you think the fundamental picture is changing? In my opinion, the demand side of the PC market is not strong enough yet to offset margin pressures (due to excess capacity) for the chip makers. This is going to keep the pressure on equipment makers for the next 12 months or so. Speciality chip guys are probably going to fare better. Technically, the sector may be due for a bounce and money is moving out of the leading sectors into the laggards. I think I'll stay away though, Later, - MJ