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To: Perspective who wrote (94982)4/16/2001 10:54:06 PM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
Two things...

The consensus I see about another up-leg is for it to resume *after* we get some giving for a few days. CSCO might provide the catalyst for the*dip* they see coming. Whether it gets sold really hard or not tomorrow or now is not important to this consensus.

This looks nothing like 1929-1932 so far, except in tech.

Cheers



To: Perspective who wrote (94982)4/17/2001 12:42:58 AM
From: NOW  Read Replies (1) | Respond to of 436258
 
Bear fuel: "and tight money".
Presumably you dont mean M3, M2 etc.?



To: Perspective who wrote (94982)4/17/2001 6:01:25 AM
From: JRI  Respond to of 436258
 
(We'll know pretty soon, though; if the Sicko news get bought by the end of the day, then I'd say more bouncing is in order)....Actually, such a scenario may be what's needed to knock the stuffing out of this move, and go on to lower lows.....because....

Intel reports this afternoon....anyone buying at the close (today) will likely feel sick tomorrow morning, for Intel's report is likely to be another Csco (in its own way)....The margin hit they announce is going to get everyone to reassess the chip rally (Edelstone and Niles have it right....once you whittle down the inventory problem, the 2nd leg is the big margin- and subsequentally, revenue hit).

I hope Intel is honest and admits that their cap-ex number (7.5) is a joke, so we can finally bury the AMAT and NVLS...that helium is getting old..

The market's going to feel a little sick today...after Intel, I think its going to feel a lot sick...I'm certainly not against the idea of another higher high...just think after Csco, the bulls are going to lose a little confidence here....and a couple days bad news respite is in order, to move on (to those higher highs)....we'll see..