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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (8355)	10/21/2002 4:40:19 PM
From: Techplayer	Read Replies (1) \| Respond to of 57110

Especially in the Chips...

To: Jorj X Mckie who wrote (8355)	10/21/2002 4:51:55 PM
From: Libbyt	Read Replies (2) \| Respond to of 57110

seeing a little selling in AH. AH selling in SYMC, QCOM and KLAC.

To: Jorj X Mckie who wrote (8355)	10/21/2002 5:19:12 PM
From: X Y Zebra	Read Replies (2) \| Respond to of 57110

yeah.... sell sell sell... we need to "cleanse" the soul -g [and let me buy some ok co's at a better price so I can ride them with the drunks -g] I suppose the so call capitulation sell-off has been postponed by national edict eh ? then again... this is becoming the perfect environment for it as no one will be expecting it... what do the cycles say ? i do not know.... so.... what we need now is a catalyst, on top of the hyenas trumpeting we are going higher... now, what could that be... ? it needs to be something unwxpected... the war and all that bs has been talked about to death (unless the war starts and something goes seriously wrong....) now.. that is a possibility.... like N. Korea becoming a more realistic threat than just bladerblah... hmmmm an invasion to S. Korea or the de-militirized zone... or.... an attack on Israel... or another terrorist attack (larger than Bali) The point is.... where is the larger risk now... downside or upside ? the dollar ? ___________________ October 21, 4:00 PM: EUR/$..0.9741 $/JPY..124.90 GBP/$..1.5431 $/CHF..1.5092 Dollar Relapses Despite Equity Rally by Leeanne Su Despite a broad rally on Wall Street, the greenback ended the day lower versus the majors. The dollar began on a bright note during Asian trading as USDJPY bounced to a new 4-month high at 125.65 but plunged more than a yen after a Moody's upgrade of Japanese foreign currency debt. Meanwhile, euro managed to rebound versus the dollar as traders maintained their range-bound stance on the single currency. As expected, the Conference Board's leading indicator index dipped by 0.2% in September versus a 0.1% drop in August, posting the fourth consecutive month of declines. The five component indicators that posted declines were stock prices, average weekly jobless claims, the interest rate spread, manufacturers' new orders for non-defense capital goods, and the index of consumer expectations. Meanwhile, the four positive components were vendor performance, building permits, real money supply, and manufacturers' new orders for consumer goods and materials. Average weekly manufacturing hours stayed unchanged. German business daily Handelsblatt said in an article to be released on Tuesday that six leading economic institutes are forecasting a budget deficit of 3.2% for this year and 1.9% for 2003 in their biannual economic review. The institutes have also downwardly revised their forecast for economic growth to 0.4% in 2002 and 1.4% in 2003. Last week, German Finance Minister Has Eichel admitted that Germany will likely breach the 3% budget deficit limit this year given the prolonged anemic economic growth. The German government has been one of the most vocal proponents of an interest rate cut to jumpstart economic growth, but it remains far from certain that the ECB will cave in to its request. more.... forexnews.com