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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (17927)	9/6/2001 1:09:09 PM
From: sam_o	Respond to of 52237

From Thompson: Pick Your Poison. Traders have their choice of negative reports on which to trade today, with few positive catalysts on the table. Starting out, ongoing unemployment claims hit a new 9-year low. A decline in the NAPM non-manufacturing Index followed up the bearish economic data. Moreover, several tech firms served up weaker guidance, while analysts posted a smorgasbord of negative sector reports, and numerous retailers dished out poor same-store sales reports. Volume has accelerated from recent levels, which is rather disconcerting given the day's disappointing performance. Market internals are quite poor-- decliners have whacked advancers by nearly 2 to 1, and the number of new lows on both exchanges has trumped the number of new highs. Investors got a brief reprieve from selling pressure on headlines that the Justice Department will not pursue a breakup of Microsoft (MSFT). However, concerns on reports that the software giant refused to reiterate financial guidance have the stock underwater. The Dow is off more than 150 points, creating a new intra-day low, while the NASDAQ Composite has plunged over 40 points, to likewise hit fresh daily lows. Rounding out the picture, the S&P 500 has dropped 20 points,reaching its lowest point of the session. thomsonfn.com