SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (7015)10/15/1999 9:11:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 11051
 
He pulled the friggin plug!!

"That great sucking sound!"

from my Tuesday morning article on indextrade.com


OK then .. from the bottom up .. INTC was a major contributor to the run up in the Nasdaq, NDX and S&P 500 Monday .. a continuation Tuesday will result in another up day for the NDX and mute any southward movement in the OEX/SPX. In other words a similar day on Tuesday for the overall market. Then comes Wednesday .. and the pullback, centered around Intel.

From the top down .. Currencies have made a rebound (read that as the dollar resuming a downward movement) Wealth redistribution has resumed the flow toward overseas markets and into gold.

So the outlook for Tuesday .. tech's look flat to slightly up in a market that has a southward pull due to the global liquidity bathtub drain plug being pulled again. Wednesday follows with tech giving up the idea of being support for the overall market and down we go ..

Options expiration comes into play for Thursday and Friday, which tends to keep the market supported until the following Monday .. at that time .. if your long your wrong.