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

To: shasta23 who wrote (26207)	4/17/2000 9:23:00 PM
From: xcr600	Read Replies (2) \| Respond to of 71031

Interesting day... Very narrow, lots of blood still in the second and beyond tiers. Maybe they climb higher tomorrow. Some interesting vol/block vol in the stocks I watch. stock vol/block vol brcd 5.2mln / 862k rfmd 4.4mln / 167k pmcs 13.4mln / 1.4mln amcc 9.9mln / 1.6mln digl 1.6mln / 58k ntap 10.4mln / 2.7mln bvsn 20.5mln / 3.3mln Block volumes from Qcharts.

To: shasta23 who wrote (26207)	4/18/2000 4:09:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71031

Stefan, I am looking for a close above 3540 on the COMPX for two consecutive days before I would consider going long anything other than stocks for a intra-day trade for a few points or for stocks you are willing to hold 18 months and are willing to average down on. I only had a chance to do a quick check, but of the stocks that gapped only TXN, JDSU, RMBS and BRCM show any block buying later in the day. Stocks like PMCS, AMCC, RFMD, JNPR are not really showing any strong block buying. I would wait to see how we re-test before I would commit large amounts of capital. Now is a time to scale in slowly and cautiously.