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To: Defrocked who wrote (43571)5/27/1999 2:54:00 PM
From: John Pitera  Read Replies (2) | Respond to of 86076
 
I think the sell-off in stocks is over for a few weeks....bold yes, but I look at yhoo, dclk, cmgi,ebay and aol, sch. and they all are higher today than yesterday. They are the darlings and the zeitgeist of this market. They have probably already bottomed, The nasd is positive and has already washed out and found a bottom early.

The rally may not be a super long one but, I'm not adding to shorts and am pruning a number of them back at this point.

The pre Memorial day period is tricky and we may get more weakness tomorrow. The past few years we have rallied out of summer long weekends when we have declined into them.

BWDIK