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Strategies & Market Trends : Sharck Soup
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To: Rick Buskey who wrote (5282)12/20/2000 11:41:10 AM
From: velociraptor_  Read Replies (1) of 37746
 
I am not surprised...people are getting worried now, especially over all the panic buying from recently that took the Nasdaq up 10% in a day. Anticipation was that the bottom was in, so now people are not only in the red, but they have overextended themselves to try and make up for it. Margin selling is playing a big factor and if we stay below 2400 and all the big name, volitile techs stay low...CHKP, BRCD, MUSE, etc....we'll see a big wave of panic selling coming soon. No panic selling yet.
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