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To: UDanWright who wrote (27072)1/26/1999 12:03:00 PM
From: Hawkmoon  Read Replies (4) | Respond to of 31646
 
Heck I don't know.... It bounced off of $30 5/8 and is trying to stage a rally.

I was just frankly surprised at how quickly it gave up the fight and went down to its next support level at $30 this morning.

If this support fails, the next will be $26, the low achieved back last Fall during the crash.

The problem I find puzzling is that the DOW is way up and Y2K stocks are way down. Quite a contrast to last fall when everything was getting hammered.

This leads me to believeth there mighst lurketh a sinister Cabal out there shooting short arrows at Y2K stocks, fueled by their marginable profits in other stocks.

I guess some would call it "macro-arbitrage".

Anyway, it is just a hunch given the lid being kept on the Gold sector. The only only sector that could spoil this goldilocks economy is Y2K.

Regards,

Ron