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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Johnny Canuck who wrote (27607)	8/11/2000 10:41:33 AM
From: Clint E.	Read Replies (3) of 68388

Harry, I am getting this hunch that the selloff in the last few days would prove to have been a bear trap and a good-size rally would be under way in the next couple of weeks, taking the nasdaq to 4200-4300. The market has been so contrarian so I am thinking we may have a rally instead of selloff, as everybody expecting in the next couple of months. There are still a number of ndx stocks that are acting well......Some software stocks(orcl, itwo, sebl, arba) and optical stocks(jdsu, sdli, nufo, scmr), and netwoking stocks(jnpr, brcd, rbak)...It could very well happen.

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