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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 43.54+8.8%3:41 PM EST
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To: Tony Viola who wrote (20450)8/4/1998 4:51:00 PM
From: Sonny McWilliams  Read Replies (3) of 27012
 
Tony. Well the market went down further even after I started watching again. I am mad as h**l at Ralph Acampouro. There he comes on yesterday and says the blue chips are still blue and then he comes on this afternoon and says that he watched the transportation index rolling over ( it had done that yesterday also) and the bluest of his blue chips getting hit, so he decided this morning that he thinks the blue chips are now in a bear market. Of course right a way they have some more bears on CNBC. But they did have one bull on who is still calling for DOW 10.000 this year. R. Acampouro was supposedly a bull for the last 3 years but I do remember that he caved in last time when the market got hit with a correction and he cut his 10.000 Dow call then but reinstated it again later. He has lost my faithful following for sure. I will still use him as a small indicator since he does have his following. I can't believe how he can turn on a dime from late afternoon to early morning. I am beginning to wonder about all analysts soon.

The bullish analyst that was on called this down turn: Thanks Mr. Ralph Acampouro. Could be tough sledding for a while unless Europe does well tomorrow before our markets open up.

Sonny
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