INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: Berney who wrote (8416)	5/22/2000 9:19:00 PM
From: John Harton	Read Replies (1) of 11051

DJ, TB, TM et al I think todays late day action may have bought the NDX a 1 to 2 day reprieve before resuming a downtrend. Todays low just came off and formed a bottom trendline formed by the lows of Jan 31, April 14, and of course May 22. I've got the top (steeply sloping) trendline headed for NDX 3625 or QQQ 85-86(at which point I'm the heck out of those calls-gg). A hammer (or almost dragonfly doji) such as todays(on high vol) in a downtrend very often produces at least a brief bounce in my experience. BWDIK etc. I lightened up on some of my doubtful holdings today and were it not for a morning meeting and a brief computer crash I might have done more. Even still today was a big WHEW! good luck to all JH PS MG when you get to SF you gotta get that cpu outta the box fast man!

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