Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: greenehugh who wrote (119408)	12/18/2000 2:40:55 PM
From: Lane Hall-Witt	Read Replies (3) of 120523

Nasdaq: It looks like the longs who were hoping for a short-covering rally ahead of the Fed are starting to get washed out. CSCO has size on the ask and is getting moved lower without a fight. (Finally! The market really needs to give up hope on this one in order to have any chance of long-term repair.) The bears have control of CIEN. ITWO is still putting up a battle, barely positive; bears and bulls are fighting over JNPR. SUNW was trying to move after 1:00, but is being held in check. The weakness ahead of the Fed strikes me as a very ominous sign. It wouldn't surprise me to see the Naz break under 2500 unless the Fed has a miracle up its sleeve.

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