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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Donald Wennerstrom who wrote (11142)8/22/2003 7:19:52 PM
From: Cary Salsberg  Read Replies (1) | Respond to of 95639
 
RE: "...just think what would have happened if they didn't speak up when they did."

The futures were slightly lower (-2 NASDAQ) before the INTC announcement. Without the INTC "speak", the NASDAQ would have opened down 2-5, trended lower to down 10-15 at 1 pm, and then rallied the rest of the session to close up 5-10.

The big move in reaction to INTC (+35) on top of recent rally gains, set the market up for a day long correction.

I suspect Monday will look like my description of Friday without INTC.