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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (4643)	1/8/1998 12:07:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

was about to do charts, but i think these would be useful coolhistory.com just updated by chip naz -- downward trend line. djia -- wedge?

To: GROUND ZERO™ who wrote (4643)	1/8/1998 12:14:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

hi bob staying away from the mkt lately, thus not much posting.. my weely indicators on indexes are still weak. my green liight has dimmed to a yellow light with a couple bearish crossovers... when the rest are bearish, then red light will be on.. daily charts are showing weakeness as well, but if we don't see any up movement soon, daily will be a sell signal.. you take care bob.. (that was the shortest post i've seen from you) heheh

To: GROUND ZERO™ who wrote (4643)	1/8/1998 3:18:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

seagate warned at close: from briefing.com General Commentary Techs suffered through another bearish session on Wednesday on continued anxiety over the earnings impact of the Asian contagion... Fears were fueled by Atmel's earnings warning... Chip company announced that it would post a loss in the current quarter on sequentially flat revenues... Company was expected to earn $0.34... Disappointing numbers blamed on increased competition and weak sales from Asia... Claimed many of its customers in Asia having trouble securing credit for purchases... As we noted on this page yesterday, market still has yet to fully price in downward pressure on earnings from Asia... This leaves sector vulnerable to further earnings shocks in the weeks to come as earnings reports start flooding in... On the plus side, Atmel only lost 10% on the news... Not good, but a month ago such an announcement would have led to a much sharper decline... So while we haven't fully discounted Asia clearly we're getting closer... But until events in Asia settle down, techs will remain on the defensive. Another earnings warning after the close likely to keep techs in retreat... Usual suspect, Seagate, announced that it will post a significant loss for the current quarter... Street had been looking for slim gain... In case you're counting that brings to 6 the number of tech firms warning in the past week - Sybase, Netscape, Forte, Read-Rite, Atmel & Seagate.