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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Darth Trader who wrote (16332)	1/13/1998 7:37:00 PM
From: J.T.	Respond to of 50167

Darth, INTC out with the first numbers of "Big Six" and Serves Up a Smashing Ace on the Court. Quite frankly, I was surprised it wasn't up more after the bell and the numbers on instinet. I believe INTC will test 81 1/2 - 83 over short term and could happen over the next few days. Still some backing and filling after that. If it takes out 82 on a close, it will want to attempt to fill the gap btw 87 1/2 - 93. This will obviously take some time. Not only did INTC beat the #'s, but the conference call after that was music to bulls ears IMHO. SOX 243 holds and now an assault to 280 or better on a close and 295 here we come. Speaking of SOX, that was as strong a performance in this group I have seen in a long time. 14 up, 1 down, and 1 unchanged in the group. This was broad based rally as INTC was laggard in SOX group and will play catch up tomorrow and coming days. As Cramer says so well: WRONG JT. Warning signs another shot across the bow. Dorothy is still on the yellow brick road and hasn't met her maker (or is it wizard?)yet. More later. JT