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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (22028)	5/13/1999 6:35:00 PM
From: orkrious	Respond to of 25960

Zeev, I don't think that there was any news. It just seemed like a crescendo, with the selling getting stronger. It built upon itself; no one wanted to buy. I just sat and watched. If I had stuck out a bid, it would have been wacked by a freight train. Here's what Jim Cramer @ Thestreet.com says. thestreet.com Copyright, personal use only Hold it! I just heard on the box that there were no sell programs to speak of today. That's just plain WRONG! NDX sell programs and MSH sell programs (tech and more tech) colored things throughout the day and accelerated at the bell. They were relentless. These programs were directly responsible for the vast majority of the OTC weakness. What triggers them? Chiefly, fears generated by Oracle (ORCL:Nasdaq). Secondarily, worries sown by Wall Street firms about Intel's (INTC:Nasdaq) earnings. Third, IBM's (IBM:NYSE) diss of everybody else but IBM. Why did we set up this online financial information system? One reason is that, when you get total disinformation, such as "there were no programs," I can tell you, wait a second, I saw a gazillion of them today. Does that mean that the Nasdaq wouldn't have gone down without them? Absolutely not. It just means that the frightening pace of the decline can be pinned directly to managers putting on massive short positions in derivatives that instantly spilled over to the stocks. For me, as I have indicated, I used the programs to do some buying, but not much, because I don't want to be in too big when Oracle explains that all is bad in PCs and dots and that's why ORCL is doing badly. I nibbled at Cisco (CSCO:Nasdaq), I bought a little Yahoo! (YHOO:Nasdaq). Nothing big. But I always let the programs work for me. You can, too, provided you know that's what's driving things. You sure wouldn't know that from listening to the talking heads.

To: Zeev Hed who wrote (22028)	5/13/1999 11:29:00 PM
From: EepOpp	Read Replies (1) \| Respond to of 25960

Hi Zeev and anyone who uses Elliot Wave, I am by no means an expert on Elliot but CYMI seems to have just completed its Wave 2 retracement and is now about to start Wave 3 (at least it looks that way to me). It just had a higher low and is now trying to have a higher high. I think it could continue on the uptrend for the next 4 to 5 months. I picked this time length because the last major uptrend was from Oct '98 to late Jan '99. I figure it should at least be able to do the same. just wishful thinking? EepOpp