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Strategies & Market Trends : NetCurrents NTCS
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To: KevinMark who wrote (4251)11/10/2000 1:13:46 PM
From: Lane Hall-Witt  Read Replies (1) of 8925
 
KM: Ah, good point. I expect the battle lines to harden this weekend, also, which may spook the markets further. Warren Christopher will be speaking in a few minutes, so we'll get a clue then about how exactly the weekend will look.

This market really feels to me, too, like it wants to go through the 3000 level and wash out some of the remaining hopeful money. As Teresa suggested in an earlier post, there have to be bottom fishers holding on for dear life who'll bail out when the market cracks 3000 -- people who expect a November rally, but are seeing the market blow up in their faces. Sub-3000 would have serious psychological consequences for this market, I'd think.
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