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Technology Stocks : Corning Incorporated (GLW) -- Ignore unavailable to you. Want to Upgrade?


To: FlameMe who wrote (890)10/3/2000 8:50:38 PM
From: t2  Read Replies (2) | Respond to of 2260
 
I'm concentrating on GLW, NT, CSCO, JDSU and CIEN

Ross, I am pretty well in the same stocks except for CIEN. I am in JNPR instead.

I am looking for a sell in the morning but I don't think the sell the rally plan will keep working either. Sooner or later, it will fail and that may be an even bigger buy signal than a sharp decline, IMHO. This would be due to the lack of sellers going for such an easy, predictable trade--maybe even a sign of a better bottom. It will signal the short sellers being too extended and the real sellers disappearing. That is why I think a continuous rally is better than a SWOOOOOSH!
I don't think the TAs will agree with me but that is my feeling.

I hope by the end of the week we are in positive territory. I am pretty confident that if we get positive momentum, it will be hard to stop just like the negative momentum has been.

Nervous but optimistic---seen lots of these severe selloffs to know that I should not panic.