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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen M. DeMoss who wrote (4948)	12/18/2000 2:59:46 AM
From: heehee1	Respond to of 6531

Does anyone take into consideration of the fact that BRCM closed below the 10,20,and the 50ema on Fri? And how much of the index balancing situation accounted for the last hour climb? If the balancing is a major factor on the recovery on Fri, then I would expect further deterioration on Monday since buying pressure will be gone. FWIW, took a gamble and shorted at 124, just looking for a few points retracement to some of Fri's lower prices. Looking to short again after Tues if no cut. Can't find the link that listed BRCM,CSCO,JDSU and a few others that had buying pressures due to index rebalancing situation, otherwise I'd post it.

To: Stephen M. DeMoss who wrote (4948)	12/19/2000 2:40:12 AM
From: neverenough	Read Replies (1) \| Respond to of 6531

Looks like you were on the money. Did you short it Monday morning? I'm still looking for the low 70's early next year, but i wouldn't rule out a run to the 140's before that time. If it can hold 100 Tuesday i may jump in for a trade. Fibonacci Projection/Retractment Levels BRCM based on (12/18/00) prices Open High Low Close 126.13 126.50 102.47 105.44 21-Day Hi 148.50 21-Day Lo 84.56 Projection 3 148.00 Projection 2 123.80 Projection 1 116.16 Retractment 1 99.34 Retractment 2 84.31 Retractment 3 69.28