ALTERA - Lockstep Rise

Posted by Kris | Wednesday, October 15, 2008 | | 0 comments »

ALTERA is moving in a lockstep rising manner today. Look like a rising dragon.   :P Sweet.

The MACD is also rising in tandem, the only bad indicator here is the huge single red line in the volume bar and the bearish market sentiment.

Both DJIA & NASDAQ is in the RED even though INTEL managed to get a better than expected Q3 earnings. But Intel is stating that future is unclear for the company and the effects of the current financial turmoil may not be felt in so quickly. Thus, Tech stocks are going to get a sound beating this few weeks. That is what i think though.