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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (38524)	7/3/2001 12:25:51 PM
From: Dealer	Respond to of 65232

INTC--11:19 ET Intel (INTC) 30.49 +0.43 (+1.4%): -- Technical -- Part of the large cap contingent that has helped lift the Nasdaq Composite off the early lows. INTC now testing resistance at 30.50/30.77 (trendline off Jan/June highs and recent recovery high). Volume is on the modest side with some concern today of sustaining the run in front of the holiday. If penetrated the next resistance of interest is at 31.2/31.80. Major resistance follows thereafter at 32/32.50 (top of 2 1/2 month trading range).

To: stockman_scott who wrote (38524)	7/3/2001 1:27:28 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

I am so grateful to our Federal Reserve for keeping our land safe from the ravages of inflation that is their chartered duty and they do it so well I read a great capsule summary that avoids the trite sayings like "the Fed is pushing on a string" it went like "our economic problem is not solved by increasing the supply of money, or making more attractive the cost of money... rather immediate problem is the near disappearance in the demand for money, and the risk in taking on additional debt" I dont believe any big deal in uptick in factory orders to me the key is jobs jobs are tied to spending and purchasing of homes real estate is the onliest thing holding up real well and I expect that sector to slip by winter / jw