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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (3830)	5/30/2001 4:02:52 PM
From: Shaw	Read Replies (1) of 209892

OT: I disagree Allan. DELL announced April 4th they'd meet. Since everyone and their brother were calling for COMP 1,000 that meant something, imo. A lot of covering then, and we had the start of the 22% COMP run. It was later goosed by the INTC announcement of a meet and increased capex. News announced which is diametrically opposed to mass thinking means a whole lot in this type of market, imo. Not sure if the news was the catalyst for all, but it was the reason (one of them) that I went long calls for that run, and bought DELL afterhours the day of the announcement.

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