Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (292)	2/16/2001 10:19:29 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

I'm so far seeing much less selling pressure than I expected in the Dow, but Nasdaq breadth and up/down volume are ugly, and NAZ new lows leading new highs 32-19. What's that mean? Beats the heck outta me. I still think 2388 will hold, BWDIK. We really don't get a firm breakdown unless we close below 2291, the Jan. 2 close, IMHO. Until then it qualifies as a retest. But below 2388, I'd definitely be getting nervous. CSCO has already warned, and we held that line; NT's numbers are worse, but so is their legacy systems exposure, and we know there's no spending going on there. Is NT anything more than a confirmation of what CSCO already told us? They blamed optical spending; that's one big negative, particularly for JDSU.