SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: kemble s. matter who wrote (167345)10/4/2001 11:50:41 AM
From: stockman_scott  Read Replies (2) | Respond to of 176387
 
11:30AM ET Certainly have to be impressed with the resurgence of the broader market from post-attack lows... Since their lowpoints on Friday, Sept. 21, the Nasdaq, Dow and S&P are up 18%, 14% and 15%, respectively... For the time being anyway, the market is focussed solely on good news, and that is scaring plenty of shorts who have been forced to cover positions; thereby expediting, and exacerbating, the recovery effort... At its current level, the Nasdaq stands above the bottom of the attack-related gap at 1629...

A continued posture above support between 1595/1585 suggests the positive bias is still intact... Plenty of conviction behind today's tech buying efforts as up volume is swamping down volume at the Nasdaq by nearly a 7-to-1 margin; moreover, total volume has already topped 1.0 bln shares... NYSE Adv/Dec 1774/1053, Nasdaq Adv/Dec 1966/1186.

-Briefing.com

__________________________

BTW, DELL is performing like a champ today...I've got it in my position trading acnt. and boarded the train again in the very high teens...=)

Best Regards,

Scott