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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (28777)	9/26/2001 12:05:39 PM
From: hotlinktuna	Read Replies (1) \| Respond to of 30051

Zeev...the wife works for TXT and must have 50% of 401k in TXT stock. It is down over $10 a share today in low 30's! OUCH! Company warned for next 2 Q's and additional plant closures and layoffs coming....tuna

To: Zeev Hed who wrote (28777)	9/26/2001 1:11:09 PM
From: dwayanu	Read Replies (1) \| Respond to of 30051

No still on, we have to breach last week lows for these to be undone. Last April, we had the same thing, within a week we went and retested (but not breached) the lows. On the other hand, following the March 22 DOW low which we all felt was a good low at the time, the Naz came back 10 % (1800->1980, versus 1390->1530 this time?) before dropping 20% into the April 4th low (1980->1630, versus 1530->1230 this time?) . Daily OHLC charts look sort of similar this time around, and we're moving into the first week of a new quarter with bad earnings, like back then. - Dway

To: Zeev Hed who wrote (28777)	9/26/2001 1:17:59 PM
From: Jdaasoc	Respond to of 30051

Last April, we had the same thing, I least we had positive growth in economy in April. Now we are faced with real declines in GDP and forecasts of unemployment near 6% before we get out of this recession. We are trending down until some end of recession or major reduction in arabic terrorism is seen. I see too many additional people protesting in streets about U.S. It only takes one in a million of the tens of millions of disaffected arabs to give rise to hijackers. Therefore, I am back in net short shell. I see INTC with some big problems straight ahead. IMO it is only matter of days before they re-revise quarterly estimates downwards. john