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Strategies & Market Trends : Joe Stocks Trader Talk -- Ignore unavailable to you. Want to Upgrade?

To: Joe Stocks who wrote (244)	2/14/2002 11:51:07 AM
From: Dan Duchardt	Read Replies (1) \| Respond to of 787

Joe, Right now INTC is the main driver of the DOW being up as well as the NAS IMO. Maybe something to that psychologically, but as of now the INTC contribution to the 400+ point run up in the Dow is only 20.5. Most of the Dow components have been attracting buyers the last few days, out of proportion to the broader market. Perhaps it's a "flight to quality" though I don't hear people saying such. I'm not convinced the fall out from the Enron thing, and the heightened awareness that under GAAP the Nasdaq 100 lost $100B last year has gone away. It may be resting for a bit, but I don't see much breadth to this little buying spree. Dan