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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Trading Machine who wrote (10204)	8/13/2001 5:38:21 AM
From: Jurgen Trautmann	Read Replies (1) \| Respond to of 11051

Good morning to all! You're absolutely right, Paul, caution is asked today... Like Berney stated we see a certain inconsistence of "big boys" caused by their very contradicting earnings. We cannot expect middleterm continued "rallies" of companies which announced increasing losses for the next quarters. IMO an important point is the question how strong technical decisions (followed be index-stock trades) can cover fundamental thus more discrete investments. When I saw Fridays rescue of CISCO I asked me how much buying came from longterm-investments, from index-stocks, from technical buyers or from short-covering. Guess Monday CISCO will hit his 60-min-resistance the same time when OEX does hit his (trend)line (2 1/2 points ggg). OTODH a daily upswing is overdue - doesn't matter how strong this will turn out, this 60-min-resistance shouldn't play a big role?! In contrary the picture of CISCO doesn't show any need for a daily upswing - at least I cannot realize something like that :) CISCO's August-branch looks more bearish than the corresponding branch in the beginning of July, the "turnaraound" doesn't show convincing strenght and so I expect some sideward-crabbing followed be another down-branch at this time. For me this Friday tech-bounce looked very strong. At least nasdaq has formed a 3-point-daily-support (so far ggg). Question is whether techs can surge without continuing support of semis and heavyweights like (my) even not cheap msft. Imagine a 2-week-upswing of naz and msft should stay at 72 - hard to believe when a Dell comes out with a more or less "wait and see" outlook. But - without doubt (?) - BeeGee held a big hammer in his hand at Friday and clobbered his msft back above the support. (rest of hope for my calls) Just a bit nobrain-blowing ggg - guess this will be boring for titans like you, but it's helpful for me when I write that ggg. Strong wind today in our one-of-the-worlds-biggest-sandboxes (guess you Americans like these superlatives ;) Wish you all a very successful week, let it rain down on you! Jury