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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (20859)6/23/1998 12:15:00 PM
From: Death Sphincter  Read Replies (1) | Respond to of 94695
 
OPEC meeting going on right now...scheduled to end tomorrow......they will most likely announce more cutbacks on production..........but, as always, who will stick to their quota and who will cheat thereby diminishing the affect of an announced production cutback?

carl



To: yard_man who wrote (20859)6/23/1998 1:21:00 PM
From: James F. Hopkins  Respond to of 94695
 
The key to this is the resistance of the S&P , and if we break it
or the rally fails, the tide will effect all the boats.
It's hard to set a target on a stock, without looking at the overall
market, more often than not they will go hand in hand, ( if they are
part of the index your looking at.
Here is the SOXX
Symbol Prev Cls Last Trade Volume Value Change
^SOXX 246.28 1:06PM 250.55 N/A - +1.73%
INTC 73 7/8 12:51PM 74 9/16 12,033,300 $0.32 +0.93%
AMD 18 1/4 12:45PM 18 929,800 -$0.12 -1.37%
ADI 23 11/16 12:45PM 24 9/16 576,600 $0.40 +3.69%
AMAT 28 9/16 12:50PM 29 9/16 4,238,600 $0.46 +3.50%
LRCX 21 1/8 12:50PM 22 944,700 $0.40 +4.14%
LSI 23 1/4 12:45PM 23 5/8 551,000 $0.17 +1.61%
LSCC 28 7/8 12:50PM 30 514,500 $0.52 +3.90%
LLTC 61 1/16 12:49PM 63 1/2 502,400 $1.12 +3.99%
MU 23 7/8 12:44PM 24 1/4 2,574,400 $0.17 +1.57%
MOT 50 7/8 12:45PM 51 13/16 2,178,500 $0.43 +1.84%
NSM 13 11/16 12:44PM 13 13/16 625,400 $0.06 +0.91%
NVLS 35 11/16 12:48PM 35 1/16 567,800 -$0.29 -1.75%
TER 26 15/16 12:44PM 27 1/16 460,600 $0.06 +0.46%
TXN 56 12:45PM 58 9/16 2,962,400 $1.18 +4.58%
VLSI 19 1/16 12:48PM 18 7/8 939,800 -$0.09 -0.98%
XLNX 34 11/32 12:50PM 33 5/8 855,400 -$0.33 -2.09%
Totals: $4.47+1.80%
NOTE 75% go with the index, same with the OEX..of which MSFT is a
part of. Buck that and you ask for trouble 75% of the time.
Some times more, as I've seen the SOXX run 90 to 100 % ,
but never, not once 50/50, they trade more as a grope,
as does the OEX..the S&P is a little broad , but I watch the
top 50 in it..right now that top 50 is kicking butt, and
you only have 8 of that 50 going the other way, so 84% are
going with the tide, and that is the way it generally goes
betting aginst it, and you better be party to some real inside info.

Jim