7.21.2006

NO DELL FOR YOU


Maybe more manipulation for us today as DELL spits the bit driving the NDX futures below fair value in the premarket. And is buying a computer today any different than buying a refrigerator, and are the components of the fridge any different than the components of the PC (SMH). Tech bulls I am sure would like to differ, but I think the analogy eventually works.

Keep the recent lows on the NAZ COMP and the QQQQ on the back of an envelope, 2012 and 35.54 as there could be more downside if they break.
Also keep the war on your front page even though others don't as any escalation is not going to help the markets.

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