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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (16925)4/15/2003 6:23:55 PM
From: SpecialK  Read Replies (1) of 19219
 
JT, you're expecting 1200-1500pt advance on Dow for April, so far we've gone 400 pts for April and 900 pts since mid-March.

Honestly, I can't see much positive in the Intel and Microsoft Earnings releases, yet they are both higher after-hours. Perhaps the positive is that things aren't terrible, but I don't think they are priced for worst-case.

There are a number of companies though, that have been cut 50% since early in the year in the tech space on fear of awful results. Flat results for those would be positive for them.
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