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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,924.41
(
0.05%
)
Post# of 704019
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Zeev Hed

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Zeev Hed

Re: extelecom post# 191276

Sunday, 01/11/2004 9:47:28 AM

Sunday, January 11, 2004 9:47:28 AM

Post# of 704019
That is two weeks out, and the market is playing its expiry games earlier and earlier. The market is assuming %.25 for INTC, and I think they could surprise here at possibly $.27 or higher. If the whisper number is higher, it may already be in the stock. The last earning report induced the formation of a new box for INTC in the $30/$35 range, if the triple top at #35.60 is not taken out after this earning report, that might be an interesting signal. QLGC also went to a new box, but by losing $53.5 or so, it negated that uptrend, we'll have to see what happens next with that one. SNDK seems to be repairing recent damage as well, and if it takes back $72, a solid uptrend may be reestablished ere as well. A lot of critical junctures out there. Personally I think that after a relatively sharp decline early in the week, we may reestablish the pattern suggested in my Christmas post ( #msg-2000425). Got to see how we do early in the week before I done back those bull horns, for now, got to stick with the last Thursday note of caution, tough.

AZH

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