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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: techtonicbull who wrote (9841)	4/16/2000 11:06:00 PM
From: FastC6	Read Replies (1) \| Respond to of 17183

zdii.com

To: techtonicbull who wrote (9841)	4/16/2000 11:58:00 PM
From: jelrod3	Read Replies (2) \| Respond to of 17183

The fact that all the "in the know" talking heads with crystal balls are saying that the market will plunge further leads me to conclude that it will probably do the opposite. Yeah, there might be a few more weak hands and margin players to flush out....but then the upturn will start. Everyone has an opinion on this...and this happens to be what I see when I gaze into my crystal ball. Good companies like EMC will return to their prior levels.

To: techtonicbull who wrote (9841)	4/17/2000 1:15:00 AM
From: Gary	Respond to of 17183

Here is an update from the guy I use who has been very good. I'm not going to post his remaks regularly here but in veiw of what is going on thought this would be appropriate: The NDX is holding the 3160 C-Band level.This is the only one of the three charts I sent last week that is holding support. What happens overnight may affect the U.S. open. Hopefully, a rally will start tomorrow. This is the second wave down on the NDX. Rallies in corrections can be fast and furious.There are still cycle lows at the end of April,so I am afraid it isn't over. We need to see a good rally NOW so the next wave down does not inflict additional substantial pain. This next PROJECTED high will be coming at a lower high. I do not know the magnitudes, but you have some price levels in the C-Bands for possible support points. Low number 3 at the end of April, I am hoping will complete this correction. I assume, as of today, three waves will be it. Everything could be very oversold there(as if it isn't now). There are many probable outcomes as to how it may turn out.