MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: LBstocks who wrote (2528)	4/18/2000 10:36:00 PM
From: J.T.	Read Replies (1) of 19219

LB- QCOM of the elect few up after hours nicely... Congrats... IBM, INTC, AOL et al traded lower on instinet. HIFN has a cockroach problem and it leads right to LU's door. Lu reports Weds or Thurs after the bell and will be hard pressed to meet street expectations on the growth front- the trade for me here is down. I believe marginmike is correct on this beartrap bounce. Just as I was looking for this bounce with NDX 3,660 and BKX 795 as my guide - Now it is high time to put up tight supports and not waver one bit if they break the play for me will be down... Companies are coming in with earnings it is the PEG going forward and murky visibility in this next quarter that is of concern and gurus again revisit "are market multiples justified" or do we need this last wringing-out of excess once and for all... Best Regards, J.T.

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