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Technology Stocks : JDS Uniphase (JDSU)

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To: pat mudge who wrote (8541)4/10/2000 2:00:00 PM
From: t2  Read Replies (3) of 24042
 
Pat, I was actually glad to hear that Merrill's McGabe was getting somewhat bearish on the techs this morning. Considering how long he has felt this way (several years I believe), I took it as a sign that the Nasdaq is about to go higher.

The worst thing is to get is a perrenial bear turning bullish. Joe Batapaglia is getting bullish on tech. Others that are important are Tom Galvin and Jeffery Applegate. and especially Abbey Cohen

Like I stated earlier, you want the bears to remain bearish. That is good for the Naz. It usually signals an upward move for the Nasdaq.

That is why I think we will rally into the close, maybe even getting about a 50 to 100 point gain in the Naz.
(hoping for such a gain of course as it is down 170 now)
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