Abnormal Volume and Block Trades Message Board

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Gold/Mining/Energy : Abnormal Volume and Block Trades

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To: dan jay who wrote (2291)	1/10/1998 2:54:00 PM
From: Ice-Man	Read Replies (2) of 2340

Next week is going to be hell on the markets. On friday the Dow unwound in the last half hour and it close down over 200 points. On monday Moterola's earnings come out and if they are bad the markets will be hit hard. On Tuesday Intel's earnings will come out and I know that they are down. Not only have they been hurt by Asia but also by the north Americain Market. Here computer prices have been falling and the new competitors have entered the market and they can produce computers for about $800 americain, like HP. Therefor Intel can't sell CPU's for $900 when you can get a whole computer for $800 made with a Moterola, Alpha, AMD, or Cyrix chip. For now Intel has a firm grip on motherboards but that may soon change as well. So in other words look for a lot of blood next week and maybe a retreat into the 6900 range for the dow. We might even see a come back for gold to $285-300?

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