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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Bob Biersack who wrote (16044)	4/18/2002 6:34:36 PM
From: Susan G	Read Replies (2) \| Respond to of 26752

major dipper action out there <g> on Ebay, and Msft so it may not be that bad. Even the futures have bounced 7 +pts, so I guess it all depends on what Japan and Europe think tonight. AND the spin put on these earnings in the am. They had NOK written up as a good report on briefing this am so you never know! Japan rallied on the IBM news and the Intel report, so it remains to be seen how they take MSFT. With NOK on top of that because the Nikkei was closed at 5 am when that news hit. On second thought, it may get ugly tonight <g> If the chips are still weak tomorrow with software AND internets, it could. KLAC took another hit after tonight's close, with no bounce yet... But who knows? That was quite the flush today and people got stopped out, that kind of washout clears out weak hands and brings in bargain hunters...often the slam is the bottom. Now after posting this, I'm not sure whether to be short or long LOL! Currently long, with a tight stop <g> into this evening. My gut feel says they gap it down hard in the morning, fill the gap from the other day which amazingly held all day, reverse it immediately and we end up with a late day rally as everyone who shorts the opening gap is trapped as we get a reaction reversal off support. Buyers sure came in at the lows today... what a great day for scalping both ways! Nasdaq now has ANOTHER floating island top, gapped up, gapped back down. Just like in Feb.