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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (24840)	1/17/2003 12:11:47 PM
From: Softechie	Respond to of 30712

9:55 (Dow Jones) Stocks were fighting an uphill battle to begin with, but the expectations component of the Michigan sentiment reading ain't gonna help things. Too early to call Friday a legitimate "tech wreck" but it's getting close. The worst four performers on the Dow? Microsoft, Intel, IBM, and H-P, all off 3% or better. SOX is down 4% and NDX drops nearly 3%. Action confirms the uneasy technical spot some of the major averages were in, and recent hopes that key resistance levels were going to be taken out are not realistic now.