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Re: baletwine post# 104692

Monday, 05/05/2003 8:45:30 PM

Monday, May 05, 2003 8:45:30 PM

Post# of 704019
Bale> 1.9 billion NASDAQ shares unloaded

on that top. The weight of that will crush the longs.

The FED isn't going to cut the rates, but the tech's will cut estimates. The CEO's played the game good going into earnings, cut estimates and held 2nd half forecasts, now they will pay the price as they unveil the bad news. The wall street banks are unloading now, when the techs start to warn they will be holding minimal inventory. The distance between the buyer/seller line indicates how overbought the market is, once the seller line starts to spike, its gonna slip like a bullseye hit on the clown in the dunk tank.








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