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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (15895)	5/21/2004 3:47:08 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 207091

Lift off, only if I'm holding the chart upside down, we're looking at a possible sell wiggle forming... thanks, you too...<g> GZ

To: Chip McVickar who wrote (15895)	5/21/2004 3:54:54 PM
From: dvdw©	Read Replies (1) \| Respond to of 207091

One thing is for certain; there are a good number of stocks that wont budge, no matter how much short interest is piled on, over many weeks they are holding onto nice gains and are telegraphing their behavior when things change. The Supply Imbalance portfolio is up for the week, these volume sensitive issues are telling a great story, they mostly delivered stellar earnings and guidance but were systematicly sold, at the same time, they are all seeing rapid gains in institutional % owned despite the buyers strike...so it all boils down to stealth accumulation being done against a heavily oversold market. While the hedgies are keeping the tone of the market negative, the most valuable companies looking into the future are basicly locked up. For those long, stalking weakness where fundamentals dictate is still the best bet......when we come out of this tunnel these near locked up issues will outperform the market. The russell 2000 action was worked by the intermediaries in Jan and Febr march....those stock are holding their value because they will be handed off to the Index players in July and they will be handed off higher. The mouthpiece network spun a tale this AM about the russell which was a ramble of half truths....indeed the arb functionaries bought the rotation candidates in Q1, which means a guaranteed supply will be available in July to those who need them....this market is about systems and the systems need to be stalked. News is spun according to the systems greatest need....when fear is needed almost anything will do...when greed is the prevailing metric, those specialists in greed speak are rolled out... What fun.