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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (834)	10/13/1999 5:24:00 PM
From: Plaything	Respond to of 19219

Speaking of links I have not yet found a decent site that gives me historical PPI, CPI, Retail sales,etc., numbers. This link paints a bleak picture of the upcoming economic numbers. cbs.marketwatch.com IMO, the techs are looking for the slightest bit of good news to rally into and they may have got it today with Apple's numbers. In other words, the tech buyers may ignore any bad econ number (not the first time thats happened) and Inut crazees will follow suite.

To: J.T. who wrote (834)	10/13/1999 7:10:00 PM
From: Plaything	Read Replies (1) \| Respond to of 19219

J.T., I did not do enough DD! On Oct.1st CS First Boston and a bunch of other analysts lowered AAPL's estimates from .76 to .45, a nearly 40% cut! So today AAPL comes out with .51 and everyone thinks that they beat the estimates handily and that its such a fab play all of a sudden!! Sigh, I got suckered too, which just goes to show that earnings estimates are just that, estimates. If a company beats them it does not mean much till you look at recent history and the story derived from the growth numbers behind the earnings.