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Strategies & Market Trends : Sharck Soup

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To: mish5000 who wrote (17412)4/19/2001 7:25:11 PM
From: Wes Stevens   of 37746
 
Mish I was watching ah and saw the panic buying continue. But that can stop on a dime if this market start the other way. The first hint is out. The naz for the first time in days is not lock limit up.

I am flexible. If the market want to continue to run that is fine I am happy to go long. But don't under estimate the power behind this market. There is a lot on money on the line from those call writers. It is much cheaper to throw their money into turning this market down for a day then paying the calls off.

My call for tomorrow is we gap up and then sell off. Everyone will say the market just needs a breather.
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