Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (28284)	1/15/2002 5:42:45 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

A few thoughts, such as they are. . . . JRI -- according to Briefing.com, analyst expectation for Intel Capex was 5.5 to 6 billion. Niles was clearly wrong, but consensus wasn't terribly off. Not that it's good news, but it's not the world's biggest disaster, either. (This, actually, in my head allows for a bounce at some point tomorrow.) As for gapping down below NDX 1582, well. . . it could happen, but the futures would have to open up down 40 or so, and right now, they're only down 24. In fact, I don't know that they even took out today's low yet. Perhaps a weak open then a drain down to 1582, yes, but I don't think we'll gap below it. We'll see. Also, tomorrow morning is a wildcard. Intel beat earnings and had okay guidance, other than CAPEX. Yes, they're overvalued blah blah blah. . . but what will the spin be? Again, this lets me think that the C down (or whatever we're in) could end tomorrow morning, and we could get a decent bounce. Now, as for Allan's squeeze theory. . . he wants that Intel panic low, and he might just get it. How we turn around and rally back to the highs from this is beyond me. . . but it's options expiration week, we've been below max pain, so. . . I guess anything can happen. Hey, maybe someone upgrades the biotechs tomorrow to cancel out the soxx. Speaking of SOXX. . . that 533 area might come in to play after all, though that's a long way down. Very interesting. the freep