Dec 8, 2004


Posted by Hello

Click on the Chart to see a larger image!!

Throwing up the SMH chart after the bad news from XLNX and ALTR. I will be impressed if the SMH can stay above its 50 day tomorrow but we shall see. The inventory problems they talk about shouldn't surprise anyone but even so they are missing guidance by a fair bit.

Watching the QQQQ's trade down in the after-market and wondering who was brave enough to buy them during the day but afraid to hold them through these company reports. I thought this morning's open was pretty intimidating but maybe that was just me. Perhaps equities will make an effort to catch up with bonds tomorrow. Let's see the 10 year note has jumped back up near its Nov. 2 level over the last 4 days so...

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