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To: DYW who wrote (64884)4/18/2000 1:57:00 PM
From: jim_p  Read Replies (1) | Respond to of 95453
 
DYW,

I am a believer in the tech revolution, and I didn't predict a 60-90% correction in the NAZ. I predicted that we will see new lows in the NAZ.

Jim



To: DYW who wrote (64884)4/18/2000 2:25:00 PM
From: BigBull  Read Replies (2) | Respond to of 95453
 
DYW, for your own sake, consider this; it would be the worst of all worlds now for the Nasdaq to take off to new highs. That would positively ensure a steeply inverted out of the FED, and I can assure you, not INTC, not SUNW, not CSCO not all the technological revolutions that ever were or ever will be could stand up to that. Greenspan has the Naz in his crosshairs. And he has the POWAH.

What astounds me, is that after the beating these few Nazdaq invincibles have taken there seems to be NO fear, in re-entering them. I'm really curious to see what the sentiment indicators say in a few days. I'd also like to see what the breadth indicators say about todays Nasdaq rally. If it's thin then this thing probably dies at 4000 and the crucial retest process should start. Then, and with a lot more fear present would I buy techs. But hey, maybe you tech Bulls are onto something - bottoms in. BTW I am not a counter trend trader. Some can do it - God bless em - not me.