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Technology Stocks : JDS Uniphase (JDSU)
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To: latestswami who wrote (8417)4/4/2000 5:53:00 PM
From: t2  Read Replies (2) of 24042
 
The parade of bears appearing on CNBC lately is a good contrarian indicator. The reporting about Nasdaq having support at certain levels and then if it breaks though, there is another level surely affect the market. It gets the daytraders involved, taking out people limits, causing further selling.

Once we start seeing the usual bulls show up on tv (as soon as they finish buying!!), it will mean the CNBC reporters will start talking about new highs. It is only a matter of a week or so. The momentum swings are extreme.

Considering how good the news on JDSU was, I would think it not going down at the very minimum.
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