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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (27146)10/11/2000 9:43:50 PM
From: chic_hearne  Read Replies (1) | Respond to of 436258
 
patron,

I'm a little perplexed about which way the market wants to go at this point. I firmly believe that we've gone down so fast we need to put in at least some sort of a short term bottom. Testing the lows today could have done that, but IMO the FA looks even worse after the AMD earnings.

Now both AMD and Intel have light revenues, which means the fear about slowing PC demand is looking true which is terrible for tech.

Imagine it going the way I thought the AMD numbers would come in, by DeNials or one of these other Clown ANALysts:

"AMD revenues came in stronger than expected, which proves they are taking market share from Intel. Clearly, the reaction to fears about slowing PC demand were way overblown."

Given we tested the bottom, and EVERYBODY wants it to be a bottom so bad, this might have brought that money off the sidelines for a few days.

Now what do the spin doctors say about these fears that clearly are materializing? On the other hand, the FA is really starting to get pretty shitty....



To: patron_anejo_por_favor who wrote (27146)10/11/2000 10:03:09 PM
From: NucTrader  Respond to of 436258
 
>>I'm not about to go GGG yet (Guns, Gas, and Gold)>>
Interesting that the ^XAU hit 45 today - exactly where securitytrader posted it would after breaking down from over 48. So where do you buy gold? When the XAU hits 41. Don't know about the guns and gas....