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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (13431)	7/16/2002 2:28:07 AM
From: Steve Lee	Read Replies (1) \| Respond to of 19219

The SOX kept the NDX from making new lows due to speculation that INTC will improve guidance. Given Dell's comments last week about poor demand, I doubt Intel will have anything good to say about corporate spending. Intel can be expected to gain share over AMD, and make improvements on expenses due to the ramping up of P4. But that should not be mistaken for a sign that the economy in general is picking up. Nikkei and Topix closed down despite the US rally. The dollar has given up most of the gains it made during yesterday's late rally and is now back near yesterday's lows. Everyone is looking for a bounce, P/C ratio and daily sentiment are still high. Was yesterday just a max pain rally?