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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (1954)	5/7/2001 3:43:42 PM
From: The Freep	Read Replies (2) of 209892

Here are some totally (pointless/interesting) things I noticed today: the Naz does what CSCO does. The bids on CSCO have been HUGE at times (50K, 100K). This has been true for a week or so. But then. . . similarly large asks appear, and the stock drifts down. . . and the naz tends to follow. The same battle's been going on on Intel, too, but to a lesser degree. Also, GE hit 50 and I happened to be near my computer and I saw over 500,000 at the ask. That might be a barrier there, but if GE makes it through that. . . how bullish! It really looks like everything's on hold til CSCO reports. Their numbers will suck (recall the writeoff) but if they say "recovery at some point" I wonder if that's bullish or, if far enough out, bearish? If you figure it out, please let me know :-) the freep

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