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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Andy Yamaguchi who wrote (59844)	10/4/2000 10:21:10 PM
From: Stephen	Respond to of 99985

Andy, you mean you didn't take your own advice on the original call !!... GG 'With DELL being added to the warning list, I believe any rally in NAZ is going to be short-lived. I will use this short term rally to unload all PC-Related stock including PC-Related semiconductor stocks. As I called to sell into rally for all PC related stocks two weeks ago, I continue to call sell into rally on any PC-related stocks' FWIW ... I think today was a ST bottom. They were selling DJIA stocks to buy techs ... hence that index decline off the highs... and the techs had a slightly weak finish because some knew about the DELL news...but even so their selling was met with others buying. Call it an oversold technical bounce for now ... and we'll see what happens - but any weakness in the NASD tomorrow a.m. will, imho, turn around. I post this with apologies to LG for not providing any charts !! Regards Stephen

To: Andy Yamaguchi who wrote (59844)	10/4/2000 11:22:38 PM
From: Techplayer	Read Replies (3) \| Respond to of 99985

Andy, I disagree regarding your predictions for further warnings. SUNW, IBM and HP are far more diverse than Dell. Out of the 3, IBM is the most subject to weakness, though service revenues are ramping rapidly. SUNW is expensive but is a far better company than Dell has ever been. MU blew away numbers today. I suspect that that will at least temporarily erase the hogwash that the chip sector has peaked. From a trading perspective, now might not be the time to go long. for the long term, I am not ready to say that the market is dead. I, like many, expect a rough time in the near future. There is a chance that we may not get one since most everyone expected August to be weak and September to be better than it was. Perhaps the game is rigged <g>. Tp