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Friday, October 20 - Monday, October 23,
2000: As of Friday, we've started
picking up more bearish signals across the
board. As such, we will soon be expecting a
retreat in the semiconductor and computer
sectors (which are up just under 30% and 20%,
respectively). |
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THIS IS NOT EXPECTED TO BE A LONG TERM
CORRECTION. We are looking for a return to
levels close to, but not necessarily reaching,
lows of the last 2 weeks, but we expect that the
next upmove will be prolonged, at least amongst
the semiconductors (we're not quite as certain
about whether the computer sector will rebound
as quickly).
Thursday, October 12, 2000:
Continued strong basing signs, with more
executables as well. More conservative investors
will wait until we get a buy on the overall
market to get back into this sector, but there
appears to be relatively little downside left.
Wednesday, October 11, 2000: This
sector putting just a little more strength into
the bottom that it's forming. The sector as a
whole is down about 30% in the last 5 weeks.
With bullish signals on 7 of 8 stocks in the
last 3 days, we're looking for the sector to
start moving up relatively shortly, probably
within the next several days to week and a half,
and there's probably no more than 5% (on the
sector, and 10% on individual stocks) further
downside left.Tuesday,
October 10, 2000: Starting to get
some signals of basing. Can look to get in soon.
· November
2000
· October
2000
·
September
2000
·
August
2000
·
July
2000
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