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Strategies & Market Trends : Take the Money and Run

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To: Oral Roberts who wrote (16186)	8/27/2002 9:12:25 AM
From: Jorj X Mckie	Read Replies (2) of 17639

It will be interesting to see how the market reacts about 1/2 into the open. We have consumer confidence coming out at 10am and an argument can be made that the news is priced into the market. Comments by INTC's Craig Barrett could put a damper on things. I expect the spike on the open from the panic buying, but if what we were suggesting about this rally running on fumes, the upside should be limited despite the news. If the trendlines/wedgies don't contain the rally, we probably need to reevaluate where we are going. Pinwheel grub

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