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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (61614)5/3/2002 8:21:11 PM
From: DebtBomb  Respond to of 99280
 
Oh my, my, BPCOMPQ only dropped .28, and the Nasdaq is at 1613. Ha ha ha. If the BPCOMPQ goes back to 30, the Nasdaq could be about 1200 by then. Bring on CSCO.



To: mishedlo who wrote (61614)5/3/2002 8:22:22 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
<<SUNW and WCOM selling appears to be genuine (probably justified panic), and that is a different story.

When the entire market reacts like SUNW then we have REAL panic. Tick counts suggest orchestrated selling at this point. Panic selling will occur when da boys have finished distributing. The next panic will likely be induced IMO.>. good analysis.
BTW, WCOM may be one of the greatest panic sells on a volume basis in market history.Max


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