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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 672.07-1.7%4:00 PM EST

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To: Clint E. who wrote (26051)4/11/2000 10:18:00 AM
From: Johnny Canuck  Read Replies (2) of 67886
 
Hey, what happened?!!! I go away for a few days and you guys let the market fall apart!<g>

The trend is not a bad as portrayed in the press on CNN. COMPX is turing at the support level. Off the low of the mornging at 4009. People have been expecting this fall and are picking up stocks at support levels about the April 4,2000 lows. Comment about the losses of hedge funds will cause the Fed to be more support stance. There will press to maintain a more orderlu market as to not have total panic.

The selling is very broadly based but the market is very orderly.

Tue Apr 11 10:13am ET - U.S. Markets close in 5 hours 48 minutes.
Dow 11202.07 +15.51 (+0.14%)
Nasdaq 4095.87 -92.33 (-2.20%)
S&P 500 1495.83 -8.63 (-0.57%)

NYSE Volume 190,051,000
Nasdaq Volume 346,028,000
30-Yr Bond 5.650% -0.033


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