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

To: Johnny Canuck who wrote (25994)	4/5/2000 12:36:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68461

hardrightedge.com Staggering reversal shakes out both weak and strong hands. While an important bottom has now been printed, don't expect the market to head straight up from here. Many investors hold positions over 100 points in the hole and will use rallies to alleviate their pain. hardrightedge.com . Also a major financial show was using the markets blood bath to boost ratings including saying were in a bear market for tech stocks and things look very ugly and there are no buyers. Folks when we start hearing that garbage on TV after the markets have been beaten down senselessly in a short time that usually is indicative of a major near term bouncer. My best guess is some more early morning weakness (Tuesday) that will likely lead to the start of a major near term rally beginning by the end of the day as the selling will dry up and buyers will emerge.