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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jerry Olson who wrote (95681)5/2/2000 9:09:00 PM
From: hjz  Read Replies (1) of 120523
 
Jer, It looks like once that 3900 level broke down this afternoon then there was no support for the rest of the day. Just a little bad news from AT&T can spook the market this much, it shows that traders still aren't confident yet.

However, there is one bright spot in that the volume was low so this might just be short term traders getting out of their gains from last Thursday. I want to see what the bounce will be like tomorrow to determine the strength of the market. I hope you did well today and the next couple of days will be very interesting to see if buyers come back again after this dip.

HJ
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