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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (36515)	3/3/2002 8:34:01 PM
From: Paul M.	Read Replies (2) \| Respond to of 99280

Newvision: You say that China/INTC are interesting. Do you see the same thing with JNPR and the China connection? Thanks.

To: t2 who wrote (36515)	3/3/2002 8:54:32 PM
From: shoreco	Respond to of 99280

NV, I have been playing INTC long and short all along. We just had a bearish crossover of the 10ema through the 50ema in mid-Feb and now the 50ema is headed down. We had the RSI bouncing between 50 and 70 since early Oct and now it is between 50 and 30 (bearish). We had the ROC bouncing between 0 and 20 and now it is between 0 and -20 (bearish). Now I'll finish by saying INTC can turn it all around by raising forward guidance or even confirming that they see orders improving but if they lower or say things are still flat...IMO, say byebye to the rally.. We are over-sold but we can stay like that for days/weeks just like we stayed over bought from Oct to Jan.. This is just one traders opinion, so by all means trade your own plan.. I do know one thing. When we whipsaw and gap up and down like we've been, this market traps both long and shorts and unless we get a spike up or down we can't shake the other half and we get stuck in the muck. Look at the SPX, it's been stuck in a 60 point range for 7 weeks. Good Luck.. EOM Shoreco