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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: country boy who wrote (1110)	4/20/2000 2:02:00 AM
From: E. Graphs	Read Replies (1) \| Respond to of 4564

Country, A lot of stocks and indexes look oversold to me. I also bought back 1/2 of my LSI today. I think options are wearing on the market, especially the semis, and expect a rally once they are out of the way. There is an opportunity here, if you look at the charts I posted of the Nasdaq and some groups, we might have 1/2 of a double bottom already accomplished. Who knows, until the other half gets done or not, but it might get interesting. I felt the same way as you did this afternoon. I was almost not going to bite on LSI. We'll see. E

To: country boy who wrote (1110)	4/20/2000 2:31:00 AM
From: Alan C. Zezula	Respond to of 4564

Hi CB, Larry Wachtel on CNBC had some good points. Considering the past two days the pullback on the NAZ wasn't bad at all and with IBM and INTC down the Dow held it's own. Breath was even which was good. He thinks we'll consolidate here for the next few weeks and loves the semis esp. ATML. I think Thurs. will be another down day as no one will want to be in the market over a three day week end. I plan on nibbling away and buying more on calls on JDSU, ORCL, and LSI depending on how they are acting. These are just my Al "dead cat bounce" humble opinions take them for what they are worth and remember what you paid for them :-), although I mean well I AM NOT ALWAYS RIGHT, I know at times the group must find this hard to believe <ggg>. On behalf of my record I did jump into the market with both feet on Fri. the 14th. with good results so far, but am waiting for the other shoe to drop. I do feel we have an upward bias that's just "cat gut" not technical. Al

To: country boy who wrote (1110)	4/20/2000 12:15:00 PM
From: Duane L. Olson	Read Replies (1) \| Respond to of 4564

CB.. E! had the O/h resistance at 3875 and that was almost dead on...which is fairly clear on the daily: siliconinvestor.com As for the lower support, seems to me there could be a couple of minor support levels down to 3225. I'm counting on no violation of 3225, partly because I don't like the alternative of a new low down around 2850-2900. Guess I'll continue to gradually buy some of my favorite mutual funds and let them try to play this market... Looks like you've done well, as usual on the trades...and out before the Naz moved serioiiusly negative today... Keep that cash ready... I'll go look at CMGI and NSOL... we need some additons to the SIN list.. tso