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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (38437)	11/21/2002 4:08:04 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68581

Good volume on all indices. >>12:31 ET DELL Dell Computer falters (28.79 -0.41) -- >>Technical -- >> Spikes higher with the rest of the market in early trade >>but quickly reverses course dropping as much as 4% off >>the intraday peak. The issue has been on the defensive >>since faltering near its Jan 02 and Apr 01 highs. For the >>near term watching 28.65/28.60 support. Failure argues >>for follow through with initial support at 28.35 in front >>of the recent low of 28.01 (also marks 50 day ema). Takes >>a sustained push through 29.15/29.20 to improve the >>tone. It is hard to sustain a new high on the COMPX/NDX without DELL as DELL affects MSFT and INTC. >>07:48 ET ERTS Electronic Arts positive on holiday >>sales -- Forbes (65.55) >> Forbes reports that co's CEO says holiday sales are >>shaping up to be strong. CEO also stated that indications >>from retailers were that Sony Corp.'s PS2 console could >>sell more than 9 mln units this calendar year, higher >>than EA's own internal estimate. 09:22 ET Nintendo sales disappoint Nintendo reported last night that its first half profit was halved due to weak Game Boy Advance sales; sales were down 48% from year-ago levels and Reuters reports that the company has reduced its 2002/03 Game Boy Advance and GameCube shipment targets by 21% and 17%. We're hearing that THQI could be a name which is impacted; 25% of THQI Sep qtr sales were for Game Boy Advance with 17% for GameCube. 09:19 ET MRVL Marvell: cautious comments from GKM (23.74) Gerard Klauer Mattison believes that tougher fundamentals are around the corner for MRVL due to an increased level of competition with INTC in GigE and more importantly, with AGR.A in storage; despite firm's belief that the co is currently in the "sweetest spot of its fundamentals" and is likely to beat Q3 expectations, stock reflects sky-high expectations. Price target is $11.