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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (24488)3/23/2000 2:59:00 PM
From: Don Pueblo  Read Replies (3) of 63513
 
These tech stocks (aside from CSCO and MSFT) are not acting right. I watch lots and lots of tech stocks every day. In the last three days, the ebb and flow on the intraday trading has changed radically.

I see MMs selling on rallies. This is not something that happens all the time. I see a lot of people selling on rallies on a lot of stocks. I see big players really dumping stock on all the rallies. Not something I have seen on the last two rallies going back to the beginning of the year.

I am going out on a limb here, but I think this is a sucker rally, and I think we are going lower before we take out new highs. I think the COMP is going to top out right around 5110 and turn south and take out the previous short term low.

I think this is a top on the Nazz.
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