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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (37080)	3/13/2001 8:07:53 AM
From: Jack Hartmann	Read Replies (1) \| Respond to of 49816

Stan's comments on the market. March 12...no real shock today. As you can see, support gave way in the same fashion it has all year on the naz. The drop was exacerbated by the Dow drop but more importantly by the S&P 500 woes. That index is now down 22% from its highs. The weakness in the S&P might actually help the NASDAQ in a back handed way. It's long been felt that if there is a PPT, it would spring into action on 20% dips in that index. I really have no comment on that but I do think the techs are now due for a rally. Today was the 50 day cycle low and a respite should come within the next few days, perhaps as early as tomorrow. I don't feel that the next rally will be 'the rally' that breaks the back of the bear market. IMO the naz will likely see lower lows in the next few weeks, very possibly as low as 1450. There is some prior support that I've been showing at 1760 (have not mentioned it though) but for the moment, due to the extreme weakness, I'm sticking with what I see as lower support. That is especially true if we rally and retest this area, I think the weakness then will be overwhelming and could well take us to the 1450 area by late spring. wallstreetmonitor.com The vix was a one sign of capitualtion by closing above 35. The Put/call was 0.91. Not really very bearish. Jack

To: stomper who wrote (37080)	3/13/2001 8:32:25 AM
From: vagabond	Read Replies (1) \| Respond to of 49816

ISSI warns... ============== Tuesday March 13, 7:17 am Eastern Time Integrated Silicon lowers March quarter estimates SANTA CLARA, Calif.,, March 13 (Reuters) - Integrated Silicon Solution, Inc. (NasdaqNM:ISSI - news), a maker of high-performance memory semiconductors, said Tuesday its fiscal second-quarter revenue and earnings will be lower than expected because of the slowing U.S. economy. The Santa Clara, Calif.-based company estimated revenue in the quarter ending in March will be approximately $52 million to $54 million. Earnings are estimated to be 28 cents to 31 cents a share, up from 14 cents a year ago but below the 44 cents in the December quarter. It had been expected to earn 47 cents a share, according to First Call/Thomson Financial. ``Like many other companies in our industry, we have recently received order cancellations and order reschedules that have impacted revenue,'' said Jimmy Lee, chairman and chief executive officer, in a statement.