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To: AllansAlias who wrote (35183)4/3/2001 10:16:32 AM
From: bonnuss_in_austin  Read Replies (2) | Respond to of 35685
 
Hi folks...do any of you think a big cap is about to warn?

Namely, CSCO or SUNW or SEBL? Others?

I'm sweating out holding -- mouse in hand wavering over the sell trigger -- puts on SEBL (Apr), BEAS (May), QQQ (Sept) and DJX (May) and CIEN (Sept)... sigh. It's the Aprils and Mays that have me in such a state <g> ... take profits or let 'em ride.

Good day to all, now ...

bia



To: AllansAlias who wrote (35183)4/3/2001 10:58:26 AM
From: Clappy  Read Replies (2) | Respond to of 35685
 
Looks like there isn't much support below the Naz.

I was just looking at CSCO. Seems like it's near a point of support it bounced off of in Sept. 1998.
Otherwise there doesn't seem to be a whole lot holding it up.

At some point the selling will have to cease and we will see a good bounce or relief rally. But when?
Between tax selling and mutual fund redemptions, I wonder what is going to keep things afloat?
Mr. Greenspan may see it as a good time to lower rates again just to slow the bleeding on the market, but will that just increase the chances of inflation especially with fuel prices expected to rise this summer.

There is so much to be bearish about.
Is this a sign that we are near a short term bottom? Perhaps a relief rally is due? Maybe not until Naz 1500's?

If CSCO breaks down, that number could come quick.
SUNW has broken down into the 13s.
B2B software has capitulated. When will the others break?

I guess I should wait to buy everything I want in between $5 and $8... <g> Eventually they all will visit this area...

-Clappy

P.S. Do you have a better chart of CSCO?