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Technology Stocks : General Magic

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To: Thotdoc who wrote (9443)	4/5/2001 11:10:15 PM
From: John Madarasz	Read Replies (1) of 10081

O/T... hi doc, I doubt you're missing the "whole bottom"<g>... just a violent short covering bear market rally with a lot to prove, but something that should be treated with respect and given it's due... for scalping ONLY. Personally I'm standing aside... I don't have the time right now to play this snap. I'm quite confident however we will see opportunities to play the long side in our favorite issues from retest lows at least, so we should take it day by day. If you have any doubts...just review some charts of so many of the stocks that make up the major indexes...they are accidents just waiting to happen. Bottoms are not made in one day... A bottom is a process in which there will be a series of higher lows where a CLEAR basing process will be established. This has been a quiet week in the announcement period. Tomorrows jobs report should be watched closely, as well as this schedule...Think anyone will warn?...or miss<gg> etrade.com Realistic unemotional assessment, patience and preservation of capital rule the roost for me here, and nothing less. This counter trend rally should extend a little further, but I believe we have more down to go later into mid to late month before a rally of substance... if not, I'll just go with the flow... but for now, I'll continue to watch. Message 15623285 Best, JM

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