<<ya wanna bet against my info go ahead.-ng->>
MM, I'm not betting specifically on INTC (well, maybe I am, since I'm short KLAC). But I say NFW. It's pretty clear what has happened to their markets from outlooks projected by DELL, GTW, MUEI (err, oops, that's right, they bailed from the biz altogether), HWP, and even POS. They may try to blow sunshine up J4P's arse once again, but I don't think Joe's in the mood to listen anymore.
As far as the market goes, we could get a "trader's bounce" by Tuesday or so, but there are TONS of broken charts out there, and they'll be trying to advance against 1) Heavy overhead resistence 2) a rapidly evaporating second half story and 3) P*ss-poor earnings with sky high valuations (especially the S&P/DOW/OEX). The "hope" that was spun in March and April has outlived it's "sell by" date....all IMHO, of course.
EDIT: Of course, it the dollar blows apart anytime in the next week, forget all of the trader's bounce stuff, 'cause Luc will finally be right.
If you're gonna play it long, keep those stop losses tight.
Regards
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