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To: Boplicity who wrote (9831)2/7/2001 5:15:20 PM
From: JRI  Read Replies (2) | Respond to of 13572
 
Agreed....a lot of charts, prognosticators are talking about 2300...retesting lows, etc......I can see where that make sense (technically), but we won't get the real needed "capitulation" fear at that level I'm afraid....only if we break 2300 (and good), will we get the real "what the hell is going on (feeling)"....1900 sounds like it'll do it....really hope it is in one/two big down days and soon....I guess we just don't hate tech enough (yet)...

(As you can tell, I'm not in that camp that thinks that we got enough capitulation on Dec. 21st or Jan. 3rd....I take it that you aren't either)..

If 1900 is the number, though, I guess that means we will have to eventually test, chop, retest, etc...at that lower level..wow...

Although many oversolds/near oversolds...individual charts look horrible for most techs...little basing....I saw your boy QCOM came back like a charm today....nothing like having a little ol base behind you..