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Technology Stocks : JDS Uniphase (JDSU)

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To: t2 who wrote (8571)4/10/2000 10:14:00 PM
From: Boplicity  Read Replies (1) of 24042
 
It makes a ton of sense. When I look at a chart I don't see a cold mixture of lines and numbers. I see general market conditions, earnings, news, and acceptance (others that are looking at the same chart and reading the same way) and more importantly, the key to really understanding how a market moves, the psychology behind it all reflected in the lines and numbers. When a stock, or market for that matter, has been acting weak for days on end like this market and stock have and then drops as fast as they did, many investors, who all ready nervous, want to get out. Add in those additional investors that are playing the drop and the fear that is generated by the market not recovering in those investors that haven't sold yet, it is not all to uncommon for the retest to be lower then the initial drop as both parties sell out.

Greg
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