Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.04

-0.1%

Dec 9 4:00 PM EST

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To: j g cordes who wrote (24888)	1/24/2000 4:00:00 PM
From: Johnny Canuck	Read Replies (1) of 68872

Jim, The selling seems across the board today, I only have Semi Equip as a positive group. The fact that NT is weak in spite of the fact that they announced that they will beat estimated indicates the upside is limited. For the most part, the trend has been to sell the news this quarter, after the run up before earnings. I think NT will be the same, as people start to position for the Fed meeting. There is still selected strength so the market is not panicing, but most of the big companies will have reported by the end of this week. I have my doubts about QCOM beating estimates and JDSU may or may not meet revenue projections. IFMX still looks good and is a safe play as it is undervalued by a lot of measures.

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