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To: Mr. BSL who wrote (13849)5/19/2000 9:35:00 PM
From: Justa Werkenstiff  Respond to of 15132
 
Dick: Re: "NAZ - we will rally soon but the key will be the nature of the rally. If it's low volume and lacks conviction, we will probably test the lower 3300's again."

No doubt but I did not get the feel of any panic out there today. We either retest Monday IMO or this is the end of it for now.

Re: "There will always be buyers taking advantage of the pullbacks but we really need is the institutional bucks
to step up to the plate. We will know when they arrive by the volume, especially towards the closes."

They are waiting for the retest <g>. Or maybe they have gone for the summer? Or maybe they are waiting for benign econoimic data? You are right. No real Naz buying pressure and the sellers are complacent as well.

Re: "TXN - Took out its Bullish Support Line (BSL) earlier this month. It's trying to make higher lows and higher highs but is struggling."

Big institutional positive block money flow on TXN. Don't like it? Try AMD or MU <g>.