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Technology Stocks : SDL, Inc. [Nasdaq: SDLI]

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To: Boplicity who wrote (2368)7/25/2000 11:27:26 PM
From: jmanvegas  Read Replies (1) of 3951
 
Hi Greg: How have you been? Been spending a lot of time at the beach getting away from the Las Vegas heat. From an overall market viewpoint, it has been apparent that the biotechs have led the market up and down during this year. They were the first stocks to break down before the March debacle for the other tech stocks and the first to go up during the 1000+ point recovery in the Naz these past 2 months. They are now beginning to break down. If they can't hold in here and if the genomic leaders begin to retest their 100 to 200 DMA's which some are now doing, I would suggest a yellow caution flag for all tech stocks in general. A retest of the 3500-3600 level in the Naz could be on the way. Just carefully watch those biotechs IMHO. In addition, there are gaps all over the place on many tech stocks. Whether they are filled or not is another story, but being technically oriented, I hate gaps, especially gaping ones. Good luck to you.

jmanvegas
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