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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (575)	10/12/2000 9:24:24 PM
From: TraderAlan	Read Replies (3) of 8925

T, Hmm what's that smell? I'd like to see a nice "pass the hot potato" in the world markets overnight. Could set up an exhaustion gap on the US indices tomorrow. If we trade down below 3K and 10K in a big rush, think there will be a nice long side trade there. Full moon and the Dow have an intimate relationship. The SP-500 index is on a 6 year trendline. Also Naz and Naz 100 gave up points very reluctantly today. INTC's relief rally started but couldn't get any companionship. One problem is Friday. I don't recall good Friday capitulation because no one wants to hold over the weekend. So maybe we set up for a bad weekend and rally on Monday. I'm not making long term predictions. It just that Naz will unlikely give 3K for a few weeks. And it just ain't the end of the world yet. Just speculating <g>. Alan

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