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To: t2 who wrote (13012)4/23/2001 10:07:37 PM
From: Boplicity  Read Replies (1) | Respond to of 13572
 
I think we are going down to 1865 or so since we ran too far too fast, and we are going rally back to test the upper channel of the downtrend, I think the downtrend channel will be left behind as the base building process begins with 1865 or so as the support area for the base as the bottom of the base and 2200 or so as the top.

siliconinvestor.com

You shouldn't be surprised by a pull back after all that buying we saw. No way can the market support those kind of gains given economic uncertainty as back drop the companies have to operate in. We need some back filling to rid the market of weak hands, and to bring back in the bears. I see this as healthy. We are not about to see a 1000 point drop the bears would like to see, since companies have identified what they need to do, and investors know it's bad, on the other hand we are not about to shoot higher either.


B