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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (2509)	4/14/2000 7:38:00 PM
From: marginmike	Read Replies (2) \| Respond to of 19219

JT I agree and its great to have you back. Man was I right do you remember are conversations??? We both said march April. Unfourtunatly started buying a litlle early but consider myself lucky to be down less then 20% considering the blood on the street. I removed my CC on QCOM sold two days ago @ 114 today hope it was the right move. If not I will begin feeling the pain of others. I believe that the fear and negativity I saw missing is now here I expect a short term bounce back to 3850 area, but am unsure with sustainability until damage is absorbed. Many very smart(at least they thought they were) peolple got absolutly burried today. I cant say some of them didnt deserve it, but in any case I feel their pain I have been there before, and I was 40% cash. I am in no rush to run in though, when we have a nice long base bottom I will start placing bets on the table again. I am still long 25,000Q and 17,000 DITC thats it, I am down 25 bucks on Q and 35 on DITC I had my Q xovered so I made a litlle to absorb my losses. Glad to have you back JT, wish it would be under better circumstances! Man is HIFN a BUY!

To: J.T. who wrote (2509)	4/15/2000 1:40:00 AM
From: Lost to Voodoo	Read Replies (2) \| Respond to of 19219

Any thoughts on a dead cat bounce for NASD(a 20 % bounce from here would take us almost to 4K)followed by further gradual decline for weeks or months? Or does anyone think there's a chance of climbing back above 4000 anytime soon for good? I'm looking at a lower limit of around 2600. BTW - separately - I show the 200 day EMA (on Metastock pro) around 3677 (exactly where it bounced yesterday) vs. media reports of it being at 3500 which is more like the 300 day for me? Comments?