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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (7552)10/12/2000 10:17:21 AM
From: Jim Willie CB  Respond to of 65232
 
the big opposing camps are getting loud now

OldEconomy got rocked this morning by HomeDepot slowdown news
exacerbated by USNavy vessel story near Persian Gulf
5 sailors dead on suicide attack off Yemen coast
crude oil up over $2 per barrel

NewEconomy got positive news from Corning
NazComp cannot seem to accept and embrace the news though
Naz was up 60 pts, now down 50
too bad Corning news couldnt come during a calm day externally
individual leader NewTechs are still barely up, after good open

OldTech got good news from AMD, sporting 80% earnings growth
we might see some more good news from Gateway later today
that should counter the droopy story coming from Intel

trading curbs in for Dow, down 310 pts
mostly from exploding tensions in MiddleEast
now in neighborhood of March2k support lows
and Oct99 support lows

so we have OldEcon vs NewEcon
we also have OldTech vs NewTech
a plethora of confusion

/ Jim