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To: Challo Jeregy who wrote (7183)4/9/2000 8:54:00 PM
From: PuddleGlum  Read Replies (1) | Respond to of 9427
 
I think the biotechs are going lower for a few days, but the "hard" techs, such as semis, networkers, and ECM will make some good moves. CSCO, QCOM, and JDSU all have nice charts right here, so the big boys are going hunting it looks like.

This, from someone who was ooohing and ahhhing over CMRC a few weeks ago, so use me as a contrary indicator, I won't mind.

I made oodles of money in Jan and Feb when the indicators were mixed, and then March came along with everything in X's and Mr. Market smacked my greedy fingers with a ruler. After several good days I'm still quite a ways below the top I reached 5 weeks ago. I think there's enough hesitation out there to support a decent rally.

pg



To: Challo Jeregy who wrote (7183)4/9/2000 10:00:00 PM
From: OX  Read Replies (1) | Respond to of 9427
 
>>>What are these whipsawed indicators trying to tell us?

that we continue to be in for a wild ride (IMHO)

further fwiw...
NAZ HILO heads further down at 32 now, inches from 30.
here are the last 10 values (most recent on the right):

63 39 35 19 17 27 6 13 40 44

and for NYSE HILO:

64 46 46 59 54 58 38 25 57 63


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