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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (1531)5/8/2000 1:12:00 PM
From: Defrocked  Read Replies (1) of 33421
 
Stealthy bears today, with overall market
quiet while leaders are faltering.
Although DJIA down only 17pts, there's a
lot of damage being done to the likes of
INTC -5, NT -6, CSCO -4, DELL -2, AMAT -3.
VIX, +1%, signaling larger declines to come IMHO.
Pit tried early to sell market off, was rebuffed by
only small buys from Merrill. Floor traders will
probably do large fades of any hedge selling this
afternoon, which I expect to occur. NDX down 118 is
possibly only halfway done today. BWDIK.
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