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Strategies & Market Trends : Sharck Soup

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To: StormRider who wrote (36903)	10/31/2001 10:01:20 AM
From: KevinThompson	of 37746

09:52 ET Sector Watch : Semiconductors, Networking, Biotech advance between 2.2% and 4.6% in early trade, sparked by stronger than expected Advanced GDP figures. Relative weakness seen Pharma (-0.05%), Healthcare (-0.2%), Telecom (-0.3%). Beginning to see some of the momentum names in the tech sector pull off highs, as traders use gap up as opportunity to lean on the stocks. ---------------------------------------------- Aren't these "advanced GDP figures" the same ones that get revised in the following weeks? Market looking for a reason (excuse) to move back up. I'm not sure there's support for an advance yet however. I think caution is still called for here. KT

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