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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Sundar Rajan who wrote (16545)	10/8/1998 8:08:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 120523

Hi Sundar KLIC has bottomed at 9 1/2 yesterday...all it needs to do is print 11 for a nice 3 box reversal...15 would a triple top break, and a buy signal...the trend line on KLIC is a classic stair step down... semis sector have bottomed as well..near the 10% mark...risk is not down from here... INTC broke Bullish Support Line today when it printed 76..not good...RS is negative..will need great earnings and a very good market...i would sell all yoour calls into strength...don't know about the Oct 90's though... not in MRK Sundar, but it should do ok...haven't really been following it much... PFE just broke a triple bottom today at 86...could move to 92 resistance there...i feel it could revisit 80ish if the market tanks.. in fact it would be a perfect round trip from bottom of the chart to bottom again....... hope you have some luck.....