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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Stephen M. DeMoss who wrote (4948)12/18/2000 2:59:46 AM
From: heehee1   of 6531
 
Does anyone take into consideration of the fact that BRCM closed below the 10,20,and the 50ema on Fri? And how much of the index balancing situation accounted for the last hour climb? If the balancing is a major factor on the recovery on Fri, then I would expect further deterioration on Monday since buying pressure will be gone. FWIW, took a gamble and shorted at 124, just looking for a few points retracement to some of Fri's lower prices. Looking to short again after Tues if no cut.

Can't find the link that listed BRCM,CSCO,JDSU and a few others that had buying pressures due to index rebalancing situation, otherwise I'd post it.
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