Replies to post #36655 on Zeev's Turnips Patch-No Politics (ZEEV)

[The Freep]

Zeev -- I'm curious why you think the semis will only pull back about 10% this time, compared to what they did on a similar "topping reading" you had in August. Mind you, if the SOX does what it did after August, we're in for an exceedingly big world of hurt (sox to 160????), and that seems unlikely too (though that book to bill stunk, and KLAC is speaking Tuesday).

A friend of mine noted the similar candle pattern on the SOX chart leading into the 22nd of August and leading into today. Any take on that from you or any candle guru?

Nice week, btw. . .

the freep

[zhina]

Zeev, did the search, u mentioned in message (32658)
"If MMM takes out $130, which I expect in a spirited rally, it could very rapidly run, it is one of the few Dow stocks that is not in a major down trend (JNJ, PG and KO are the others, T might coming alive, but I don't trust their management to do anything right, and I am lost in their balance sheet <g>)."

But it didn't take 130 out during this 2 week rally. Do you expect it to do now after earnings ? when we expect to see some pull back in the markets after this run?

Thanks.