Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jim_p who wrote (67042)	5/25/2000 1:06:00 PM
From: BigBull	Read Replies (3) of 95453

Jim, many NAZ stocks are up against heavy resistance from some very important break down points. SUNW rallied up to 80 and hit the wall. While the day is not over, I don't expect much more out of the NAZ today. Before I declare the end to the NASDAQ bear market (and it is a bona fide bear). I'd like to see high volume take outs of previous resistance levels. The technician in me tells me that until we see that kind of tape action - the trend is still down. I'm starting to like the big cap S&P stocks much more than the NAZ. IMO we still need to see capitulation lows in the NAZ before it's all over. OSX is getting closer to a tradeable bull market bottom. I'll probably start adding soon.

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