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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (42440)	2/9/2001 10:58:06 AM
From: JRI	Read Replies (1) \| Respond to of 42787

Paul...this is UGLY....no strong bounce off 2500..don't see how it holds during entire day... Cisco below 29, Sunw below 25, Orcl below 25, EMC back in 50's...wow...if we weren't nearing major oversold, I'd say this has a shot of being a total wipeout day...I guess we still could get another 100 COMPX pts. in this down move...but that would set up a pretty decent bounce... I think I'm gonna wait (for any buying the rally) until Don gets a CLASS ONE on a closing basis...Looks to me like bounce its going to take place in the 2400s, but with no technical support level to play off of there....?? Edit- A little bit of bounce now...but I'm still not convinced..we'll see..