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Politics : Idea Of The Day
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To: wmwmw who wrote (31144)4/12/2000 7:35:00 PM
From: IQBAL LATIF   of 50167
 
It is not AMD alone look at my earnings all around post DPH GT FNM DJ ENE all have beaten the street estimates, yes market can sell in the DOT sector but we are seeing that the other momentum indexes required for DOW to move are aligning, the problem we had today was trhat COMP brought the DOW down in the last 50 minutes, the MSFT and selling in Techs like EMC SUNW INTC could not help DOW sustain gains, the bkx alone as I thought earlier would do, was not enough although it closed positive but despite the help from broad market the 'core trillions' created enough of fear, the selling in strength where interday double bototm trap was set to get long and broken all added to close at 1475 area on SPM lower than the 1478-80 support, now AMD alone cannot save anything but the trend is set the demand for semis is indicated in this number it is for this that INTC is up solid although it should be down considering competitor is gaining market share but the WallStreet realises that overall market and sector is expanding very fast..
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