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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (22600)	8/5/1999 10:43:00 PM
From: Steve Yuan	Respond to of 69140

Hi,Clint, Thanks for the note. Today YHOO, EBAY and DCLK does seem to put a bottom today with a large volume reversal. But today's party seems to be for beaten-up internets and software companies. Semi did not participate. Even companies which are going to report earnings, such as Dell and AMAT do not participate. Does this mean this rally is largely short-squeeze induced and market sentiment does not change much? If so, this rally could fade either tomorrow or next monday if tomorrow's number is not good. I did not do well in this rally. I got into market yesterday afternoon and sold too soon today. I began with too much conviction that the market was going to reverse, but unfortunately my confidence went away when I saw bad numbers this morning. I did not expect the number is that bad. I guess when market is deeply oversold, the market is going to rally no matter what. Have a good night. Steve