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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (5077)9/14/2000 4:03:40 PM
From: GTC Trader  Read Replies (1) of 30051
 
<< If INTC closes under $60, that would indeed be a bad omen, not just for INTC but for the SOX, and without the SOX, the rally will have difficulties. >>

INTC and CSCO both closed strong, but INTC ended about 35 - 40 cents below $60. This could change in after hours, but are you suggesting that tomorrow may be a big down day? Or if INTC can get above $60 tomorrow morning, will we be OK?

Appreciate clarification on Naz SL. I thought that is what you meant.

Thanks - HB
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