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To: Skeeter Bug who wrote (96614)4/19/2001 9:27:48 PM
From: limtex  Read Replies (4) | Respond to of 436258
 
SB - The Naz is not up 50% and that would be a boom. Some of the hedge funds have been really caught badly and they concentrated on a limited number of stocks.

As we get a full bear capitulation the Naz will take off and unitl then my guess is that we will have difficulty breaking through 4,000 but after the bear captiulation the lead weights are droppped and she rises.

Many of the hedge funds are hoping against hope for a pull back or the usual fading of the rally from profit taking but it doesn't seem to be happenning. My guess is another few days of this and we will see a bear capitulation and possibly a hedge fund getting into serious trouble which will produce a similar effect.

L