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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (33237)	7/3/2001 2:45:35 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69822

Is There Anybody Out There? The folks who did show up to work Tuesday sent the averages lower, following an abundance of earnings warnings after Monday's close. According to First Call, 32 companies have warned since the closing bell last night. Analysts believe the management of these companies may be trying to slip in the warnings ahead of the holiday to dampen the impact on their stock prices, as volume is typically light ahead of Independence Day. Technology stocks made up a majority of those warning Monday night. Companies from Check Point Software (down 12 percent), Internet Security Systems (down 40 percent), Epiphany (down 10 percent), Multex (down 48 percent) and BroadVision (down 18 percent) all warned that profits would not meet expectations. Considering the amount of warnings and the degree, the markets did a nice job of holding their ground in this shortened session. The Dow slipped by 22 points to close at 10,571. The Nasdaq ended down 7.86 points to finish at 2,140. Volume on both the Nasdaq and the NYSE was under a billion shares. Check out the latest earnings warnings here: one.digital.cnet.com