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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jill who wrote (6853)10/10/2000 12:29:23 PM
From: Jim Willie CB  Read Replies (3) of 65232
 
got more INTC april calls, this selling is silly
but it is getting no worse than past few days

altho I believe Intel probably is suffering the worst among all PC processor mfrs, it aint worth a 48% drubbing... esp since Intel is involved in more than just PC processors

the reflex rally starts in a matter of days
its 18day MA is 47 now but dropping steadily
its 30day MA is 53
a bounce run toward 45 should be easy, once it gets legs

sharp rally at these Naz levels yesterday
gonna happen again? methinks yes
once again, a downgrade among chips sours the day
how many chip downgrades do we need before concluding the chip sector might slow down somewhat in coming months?
OK, OK, already

the Tech Bifurcation continues to unfold
/ Jim BigStones
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