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To: MulhollandDrive who wrote (18319)4/7/1999 12:14:00 PM
From: MileHigh  Read Replies (1) | Respond to of 93625
 
bp,

Agreed, a lot of technical damage so there should be some backing and filling in the near-term. Some might be getting out when the getting is good (meaning, they bought around mid 70's and are selling into any strength). Also, a short covering rally is not a sign of true buying strength, IMO.

Now if those same shorts go long at the same time, then you will see some strength. It will be interesting.

MileHigh