Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Iris Shih who wrote (19832)	2/11/1999 2:34:00 PM
From: Tiley	Read Replies (3) \| Respond to of 69144

Clint, Iris and everyone else on this thread, Am I alone in thinking that the Semi-Equips look awfully toppy around here or am I seeing what I want to see? I know the fundamentals are beginning to turn but all the stocks are way ahead of themselves at this point in the cycle. As a comparison, the disk drives are in much better condition fundamentally but all those stocks have corrected nicely after earnings - I would wait till AMAT's earnings before shorting but it might be a good idea to start shorting the dogs of the sector - eg. LRCX. Technically, the stocks all look like they're beginning to top out. The one good sign for the market is the response to all the net IPOs today. So I would avoid shorting the nets (or going long) right now. Talking of shorts, keep an eye out for LHSPF to break support. Overall, I see a lot of momentum stock breaking down and looking weak. This of course can change - for now I'd rather wait or play only the leaders, Later, - MJ