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

To: Johnny Canuck who wrote (25929)	4/4/2000 9:11:00 AM
From: tech fool	Respond to of 68152

I couldn't help myself and picked up MERQ, PROX, AHAA and EMLX on the way down. Only down 10-15% on those so far! looking @ VRTS, QEDI & VITR (thanks Clint), BVSN (thanks Mattie), VNTR, BOBJ RSI on many of the strongest stocks looking like signs of bottom action finally, we're back to where we were in January-February. Hoping that 4200 holds...

To: Johnny Canuck who wrote (25929)	4/4/2000 2:49:00 PM
From: Johnny Canuck	Respond to of 68152

Bosco, I have been out all day myself and as I said yesterday, I promised myself not to look at the market for fear of finding "too many bargains". Cash is surely nice. The Naz Tick has now reached what I believe is an unprecedented -1700, the worst I remember seeing was -1200 or so. It sure means that a major bounce is around the corner, but it also means that the back of this bull market is broken and rallies are going to be "false rallies". We have reached and breached my target of 3800 on the naz, and the market went through it like through butter. You will be better off to see the nature of the bounce and see who are the new leaders before making sizeable commitments, IMHO. I suggested last week that the break of 4600 will lead to a rapid move to 3800, but frankly, in my book, rapid was late May, with a rally in the first two weeks of April before that happens. I'll have to rewrite this chapter. Zeev