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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	9/21/2000 5:43:23 PM
From: velociraptor_	Read Replies (3) of 37746

***All....We are in a critical situation this evening for tomorrow's trading session. Remember last week I alerted all here to read an update from Cheetah's site and I felt that it was important. Basically he said that the market is still weak and he was getting the notion that a major company may be announcing some bad news that could bring the market down. We had the warning folks, and the fact that INTC, MSFT, CSCO, ORCL, etc have all been hammered lately and have not recovered was a bad sign of things to come. Well, tonight we INTC giving a nasty earnings warning among other things and it looks like everything is tanking in after hours. My target is still 3550 for the Nasdaq and I mentioned this on my site. This could be the catalyst and Friday could be downright bloody. Cheetah gave the warning to be on your toes. Watch for INTC to trade into the 40's. More update tonight on the web site. Velo

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