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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (33953)	5/17/2001 9:44:53 PM
From: the-phoenix	Respond to of 100058

bcrafty: (Or do we start calling you bshorty, lol). Thanks for the hello and all. It looks like this triple top scenario may well play out on the QQQ. Futures down AH tonight on poor earnings outlooks from DELL, PALM, etc. - A gap down in the morning and subsequent selloff would set up a third evening star pattern in a row, which would likely finally kill this rally. Today's volume and afternoon selloff were not encouraging for the bulls, IMHO, although some kind of retracement after yesterday was to be expected. Tomorrow being options expiry, I'm guessing we see a down -up-down day: Gap down and early selloff, followed by a 10:30 rally to 1-2 PM, then selling as traders square positions for the weekend. Close below today's close, with another long upper shadow, perhaps. JAG. Gap below 2170 on Nazzy could lead to a sizeable retracement down to 2100-2120 area around the 50 day ema. BWTHDIK!!!! Later, Phoenix