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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: fut_trade who wrote (2335)1/14/2000 11:09:00 PM
From: Dwight E. Karlsen  Read Replies (1) of 19219
 
Peter, MSFT reports Tuesday, Jan. 18th, after the close. I would expect the major indices to be strong until then, since MSFT is expected to produce very strong earnings. INTC was also expected to produce strong earnings, and the street was still surprised.

Keep in mind, Intel sold down their inventory to record lows, and "wished they had more to sell, so to satisfy every customer's needs": One Intel processor = One Microsoft OS, and usually one MS application suite as well. No way would I be short going into MSFT earnings, just as I wouldn't be short going into INTC earnings (at least in a hot PC sales environment such as we're in).

Regards,

DK
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