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Technology Stocks : INTEL TRADER

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To: Trading Machine who wrote (10482)	10/1/2001 12:20:10 PM
From: Berney	Read Replies (1) of 11051

TM, Re: Blowing Bubbles or how long can you hold your breath? As Buffett once stated: we pay a dear price for a rosy consensus. I must also agree that I'm tending to look more for support rather than resistance. A couple of fugly charts: stls.frb.org I certainly don't have any idea how long the fed can keep this liquidity pump going, but it is indeed impressive. Moreover, sometime this week we are also going to get the fed fiscal policy joining the party. Clearly, this type of joint action in the past has led to the axiom of: don't fight the fed. Now, here's a look at one e-waver's view of the world: carolantic.homestead.com And I thought I was a bit pessimistic looking at the 880 SnP level and 460 OEX. <ng> I'll be watching for any breach of support at SnP 998 for the bearish view and a move above NDX 1220 for the bullish view. OEX looks like a deer in the headlights and I just don't have a good read on it. I'm fortunate in that I don't have to fly very often. As I've expressed privately, I'd hate to have to pack a portable computer in my luggage and trust the outcome to those folks that like to throw it around. Just a View from the Swamp TB

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