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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (10468)5/24/2000 2:24:00 PM
From: Tunica Albuginea  Read Replies (1) | Respond to of 24042
 
t2, I strongly suspect that 5 minutes ago we saw the Naz breakout for
the next bull ru.
We broke upper margin of triangle.

My broker ( 20+ year experience at Merrill ) tells me that
" when everybody is telling you we are going to 2900,
it won't happen ".
Institutions are going to give up the last 100 - 150 points
and put their large liquidity to use.
Why risk waiting for 2900 when you know that every Tom Dick and Harry
will want to get in though same door.

I think this is it.

Time to go on margin with JDSU was this am at 73 7/8.

TA



To: t2 who wrote (10468)5/24/2000 2:27:00 PM
From: Tunica Albuginea  Respond to of 24042
 
t2, one more point: capitulative selling may be a thing of the past.
For that to happen you need both the DOW and the Naz to go
down together.
This isn't happening because of DOW collars.

So what you get instead is this slow grinding down
with a broad bottom like a bowl and then a very
sharp upturn,

All IMHO

TA


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