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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Bosco who wrote (5523)9/26/2000 9:02:50 AM
From: Logain Ablar  Respond to of 30051
 
Bosco:

FWIW without looking @ a chart I think INTC trades between $46 and $56 between now and earnings. If sox break it will break $46. Yesterday seemed like a FUD day. Rumors on CSCO & TXN were bogus but notice how the stocks reacted (price, I didn't check volume). A lot of fear in the market which is good.

While I'm no longer in a semi stock I would not like to see the sox break today. We need a follow through day from Friday and I think we need it no later than tomorrow.

Tim