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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HammerHead who wrote (6384)	4/26/2001 2:37:05 PM
From: dawgfan2000	Read Replies (1) \| Respond to of 52237

Corning rated a neutral by MSDW. Some one is unloading a lot of stock on the 2:00 program.

To: HammerHead who wrote (6384)	4/26/2001 3:10:56 PM
From: dawgfan2000	Respond to of 52237

2:47PM Market Action : Finally seeing the break in tech that short sellers had been waiting on the past several days. There has been aggressive shorting of momentum names such as JNPR, CIEN, BRCM on view that stocks had run too far and recognition of recent trend of sharp reversals following Nasdaq spikes. Major Indices continue to hold up relatively well, as profit-taking primarily being seen in non-represented stocks... Over next several days, expect the fast money to be on the alert for stocks showing short-term relative strength, as they look to put pressure on the shorts. This group will also look to play the other side of the trade by leaning on weak stocks, not backing off until stock shows ability to hold at a major support level.