Don I think the market is unlikely to remain higher for too long based on the good news from CSCO and other companies like QLGC tonight.
The more I look over the current situation the less I think we can turn this market (SOX and NASDAQ) around without more evidence of a broad based technological recovery. At least I do not believe the market can turn here without finding a solid level of support. Today's action and even tomorrow's will not find us there.
We need INTC, MU, AMAT, NVLS, MOT, NOK, ALTR, TXN, CSCO, MSFT, QCOM, ORCL, SUNW and many others to step up and state firmly that they see strong and continuing demand.
RtS |
