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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: Drbob512 who wrote (15557)	11/30/2000 11:40:20 PM
From: idealist1	Read Replies (3) \| Respond to of 100058

Paul Cherney believes that capitualtion occurred today. "The chart action on Thursday was exactly what you would expect to see on a capitulation day; there was a gap lower, the indexes moved lower throughout the day, prices lifted from the lows and there was huge volume. Until proven otherwise I have to call Thursday a day of capitulation." Panic selling has been taking place in stages (semis, PCs, telecoms, fiber optics, etc.). Today we saw panic selling in the networkers. What is left? Is over-valuation a problem in any remaining sector? If this was not the bottom, we are close to it. How much lower will AVCI go below 16? I bought today at 17. RBAK, EMLX, BRCM, JNPR and other momentums are ready to roll, at least for a bear market rally. idealist