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To: chris_dman who wrote (17883)3/29/2001 5:33:01 PM
From: Jeff  Read Replies (4) | Respond to of 19297
 
when i made that post a few days ago about QCOM...MSFT....
JNPR.....and CIEN all going to the 30's.....they were all trading in the 55 to 60 range......

i was right about two so far.....JNPR and CIEN did their belly flop...

and i can't believe QCOM and MSFT can stay where they are with the likes of former monster stocks like ORCL...SUNW..
CSCO..YHOO....JDSU...BRCD..EMLX...GLW.....all trading between 15 and 20.......it just doesn't look right.....roll

and how can EBAY not join them in the low 20's high teens......and DELL go back to the teens.....funds must be holding these 4 up still......but will they next week???

we shall see i guess......

and if nasdaq does indeed break down to say 1500.....no way will these not join the belly flop crowd.....nothing will be standing at 1500......but first its gotta get there...if of course it ever does.....

and just think where those other stocks will be at 1500.....CSCO....SUNW.....ORCL....JDSU...BRCD.....10 bucks.....

are you kidding me.....



To: chris_dman who wrote (17883)3/29/2001 5:35:59 PM
From: h8_2_b_l8  Respond to of 19297
 
Here's a great link posted from another thread.......

Message 15584619

The NASDAQ channel from the 1978 low, which held all the way until we started the 90's bull market, currently has a range of 900 to 1300.

If you adjust the upper band of the channel to reflect the true breakout point of the 90's bull market it's still 1440.

This next chart is more telling.....
bigcharts.com

Look at the RSI of the NASDAQ since its inception. Every major bottom that we've had has come when the NASDAQ has hit 20 on a 14 interval RSI. Right now we're only at 25 or 27 or so.