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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Robert New who wrote (75164)4/17/2001 3:30:25 PM
From: 10K a day  Respond to of 99985
 
Dude.
I'm totally paranoid.
This is totally out of hand.
First they turn off my electricity.
Say it's some kind of energy crisis.
Then they pave my street about 6 times a year.
Every other month whether it needs it or not.
Then they clean it.
(MY street)
3 AM.
Then they tell me I NEED TO PAY for a new
WATER PIPE.
FOR all of Southern California.
Now they take down the NETWORK.
man I'm paranoid.
Would somebody please come take me away...



To: Robert New who wrote (75164)4/17/2001 3:34:00 PM
From: t2  Read Replies (2) | Respond to of 99985
 
Looking beyond Intel's earnings...IBM and Celestica are going to be very interesting tomorrow afternoon. (super bullish on both)

CLS was an old IBM unit from what I read and probably do a lot of business with them still.

That means we could get a double dose of positive news; from IBM and from CLS, a key contract manufacturer. CLS actually raised guidance right in the face of this slowdown at the end of January (and also blew out earnings). Analyst cut numbers later, anyways. Now the test is there tomorrow.

I read the comments of the CEO of CLS dated March 21---See CLS thread (not too many posts). Just reading into his comments, one could sense a good earnings report no matter what the analysts had been saying. Reading between the CEO's comments and you get a bullish case for that stock and the connection to IBM would be consisent with the bullish case.



To: Robert New who wrote (75164)4/17/2001 4:02:17 PM
From: Wayners  Read Replies (2) | Respond to of 99985
 
Its looking more and more like QQQ is putting in the inverse right shoulder higher low which would confirm some sort of bottom. This was also a fifth large equidistant wave down going back a year on the COMPX. The market sees something looking forward. Might be inventory reductions, an increase in orders, a flattening of average selling prices or slight increases. One interesting note in the industrial production report showed increased computer production.