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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (32530)	3/8/2001 7:52:21 PM
From: oldirtybastard	Read Replies (1) \| Respond to of 65232

As someone who claims to understand how the markets work, I'm sure you realize that at the end of this bubble is a final distribution that is going on right now in tech. The houses you worship are either trading from a short bias right now or getting destroyed. Running this market up right now is a lot of work when you have all the "just want to break even" types around. It may very well be that NEWP dropped when it did because of an unboxing by a pro combined with selling by nervous holders, but being that you recognize that as part of the regular market landscape, it should come as no surprise and is not an area to lay blame. Shorts were there providing buying pressure and keeping it from being a worse drop. Your problem is that you have the trend wrong, hold your 'dung chart upside down if you have to or play the angel records backward. NEWP will be below 25 within 6 months IMO, possibly much sooner.