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Strategies & Market Trends : Rande Is . . . HOME

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To: martin001 who wrote (48681)	3/9/2001 10:39:20 AM
From: Rande Is	Read Replies (1) of 57584

ALERT: . . . . Conditions perfect for first day of S-4DML. . . . . . The extreme gap down on both Naz and Dow after Naz set-up and lured more shorts in makes this the perfect scenario for a major liquidation squeeze for short-sellers. The next landmark would be a reversal and a close near the high of the day. If that happens, we could be in for some serious squeeze plays next week with highs hit in final 2 [liquidation] hours and a peak hit on Wednesday late afternoon. If we do not close near highs today, or see a major reversal at some point today. . . then no S-4DML. However, with the high number of short-interest market-wide, a serious liquidation squeeze of shorts is long overdue. And there is not much more money to make by squeezing the longs. Whether or not today represents capitulation, I couldn't say. . . but I can tell you that there are many diehard bulls that have capitulated in recent days. . . . Today's conditions remind me of the movie, "The Perfect Storm". I'd like to do some buying as close to 2070 as possible. . . .down exactly 4.5% [remember that key number?]. . . . [hmmm. . . wish I didn't have appointments] Also, consider that Greenspan tends to make rate changes early on Friday afternoons. Should we begin to bounce and reverse off 2070. . . .AND Greenspan were to put in a quarter-point cut. . .just light-handed enough to not cause fear. . . . we could break 500 to 800 points over the next 4 days. Well. . .at least now we know WHAT to watch. Best wishes all. . . . Rande Is

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