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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (45843)	1/19/2001 12:50:38 AM
From: GREENLAW4-7	Respond to of 57584

far too many people have 3000 as a selling number. Its my feeling we are in a retail rally that started last thursday. If you look closely at most tech stocks that have had decent moves(ie FO stocks) The gap feels like the last run to 3000 after Bush won the election, many were buying from 2800-3000 while the funds unloaded into the rally which rolled over very, very quickly!! The only stocks which I feel have not run are JNIC and CORV but even they will probably roll over in the afternoon. I look at 2 stocks fir examples of how over bought this rally has become: NUFO which was at what 28 last thursday and now looks at 52-54, another AVNX which was at 40 last thursday and now looks at 80+, OCPI which was 11 last friday is now at 18-19,. I believed MM and funds had to test the waters at some point to draw the takers back in. NASD will break 2850 some time tomorrow and then lets see what happens!! My bets will be heavy shorting on the FO stocks with emphisis on CSCO, NUFO, AVNX,ONIS and OCPI! Good luck all but this trade is not for 1 day its for 2 weeks!! From 1/19-1/30 should have us retesting 2500 range which would put a nice bottom in below that #, but this BURST RALLY from 2400-2850 IS NOT SUSTAINABLE without back and fill!