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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: mish5000 who wrote (31128)7/17/2001 6:08:15 AM
From: Sharck  Read Replies (1) | Respond to of 37746
 
Going to have to be big.... else a relief rally may be in order, I see a potential retest of recent lows, one step forward, two steps back....
Watch inudstrial production to set tone for the rest of the week as well as some big names reporting today.



To: mish5000 who wrote (31128)7/17/2001 8:17:36 AM
From: Paul A  Respond to of 37746
 
I dunno- its been teasing us like this for weeks now..

In fact, in the last week when everyone was saying rally rally I decided that going with FA over TA was much smarter at this point.. Seems all the TA folk I follow cant seem to get it right this go around due to all the whipsawing.. Im just stick with the mental levels like 2100, 2000.. but after this morning, ill probably be all cash anyhow..

With a company like Intel reporting, its nothing but pure gambling.. They wont give you the truth, and the market will react depending on its mood.. Id rather wait till tomorrow, see the reaction, and REALLY look at how bad of shape intel is going to be in going forward..

I have faith that Intel will never be as honest as AMD.. but alot can be concluded from their report.. Ill bet its horrendous when you rip it apart.. They too have gotten a free ride for too long..

AMAT and NVLS.. FINALLY some justice in my world.. and MU of course, but MU I wont be happy until I see a 20 point drop : )