31. The sudden sell-off in the Dow stocks is particularly meaningful, according to Ralph Acampora, senior technical analyst with Prudential Securities.
32. To the technical analysts, there can be too much of a good thing.
33. To technical analysts, the rise in activity as prices fall is a bad omen.
34. U.S. stocks are in a bear market, said Prudential Securities Inc. technical analyst Ralph Acampora.
35. Wachovia Securities technical analyst Ricky Harrington said many tech stocks are still over-valued and pose a threat to further losses.
36. With the Dow near its record, it seems to have a good foothold for a climb into a new range, one technical analyst said.
37. But the sell-off was gentle and may prove temporary, said Eugene Peroni, a technical analyst at Janney Montgomery Scott brokerage in Philadelphia.
38. Eugene Peroni, technical analyst at Janney, Montgomery Scott in Philadelphia,
39. Gerry Celaya, senior technical analyst at American Express Bank in London, agreed.
40. Greg Nie, technical analyst at Kemper Securities, said the market has entered the final stage of an up phase that it started in mid-December.