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To: pater tenebrarum who wrote (34523)5/22/2000 6:33:00 PM
From: Lucretius  Respond to of 42523
 
alright... i cna agree w/ that



To: pater tenebrarum who wrote (34523)5/22/2000 6:35:00 PM
From: Lucretius  Read Replies (1) | Respond to of 42523
 
also NDX rampjob failed to ge back above the 200 dma... today was a squeeze of s-t trader types like on the MDA thread.. nothing more. i have always said those types would NOT be short during a real crash... its just the way it has to be...



To: pater tenebrarum who wrote (34523)5/22/2000 6:40:00 PM
From: Street Hawk  Read Replies (1) | Respond to of 42523
 
Today's action reminds me a lot of April 17 when we reversed course and made a short-term bottom at 3227. The next day served as a super ramp job as the Naz gained 254 points on April 18. It would not shock me to see that happen tommorrow, considering the level that we're at right now, which is the bottom of the trading range.

Being short any of the big cap techs right now would seem foolish, although, I think we are going to trend down after some obligatory bounces.