The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (22408)	11/1/1998 10:20:00 AM
From: TradeOfTheDay	Read Replies (1) of 79227

Hi Doug! exchange2000.com "But earnings reports, while generally dismal, have provided some evidence that perhaps the economy wasn't as weak as the pessimists thought. The tech sectors that led the market down last fall, namely the semiconductor stocks that were creamed in last year's Asia meltdown, are starting to perk up again. Semiconductor companies beat analysts' earnings estimates by 20% this quarter, while software and communications equipment came in 10% or more over estimates. While it's true many sectors are still in the tank -- commodity sellers like oil, chemicals and metals stocks and even some capital equipment makers continue to reel -- those groups are less important to the health of our service-based economy. What's more, another important economic number -- durable goods orders -- also came in better than expected this week, showing that manufacturing may be ticking up as well. " Think VLSI could be a beginning stairstep ?? It certainly qualifies for the creamed semi group ! Bev

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