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Technology Stocks : Network Appliance

NTAP 110.51

+0.4%

Dec 26 9:30 AM EST

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To: Jacob Snyder who wrote (9695)	12/19/2001 4:41:03 PM
From: BirdDog	Read Replies (1) of 10934

I forgot to mention on my other response to you. I do expect a pull back or correction of some kind before continuing up here. Reasons? NTAP has formed a classic Trader Vic's 2B test of top. Although a failure here is only a one in four chance of happening. If it does happen, it will be a good drop. Plenty of other failure setups have come up in the past few weeks and none have worked. Perhaps this one will? It looks to be forming? Valuation is high enough to cause swelling of the hemorrhoids for some investors. SEBL today formed a (close enough) Harami Pattern. If you were to combine today and yesterday (is a method of TA)... that will make a classic evening star for sebl... Provided we gap and continue down tomorrow. QCOM keeps continuing down. Dummy me isn't following it closely enough to know why? I'm taking it as an indicator for possible pull back on others. NDX looks to have formed a lower high. So looks like it's headed down short term. I've sold everything I have. Am counting on a nice healthy pull back. Nothing wrong with a pull back...just a sign of a healthy market. Then hope I can buy back in Monday at a nice lower price. I still believe all these are on an uptrend. They just look like they're gonna take a little breather. BirdDog@OhHomeOnTheRange.com

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