VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (33354)	3/14/2001 9:04:15 AM
From: edamo	Read Replies (1) of 65232

tom....oddly enough, i'm not going to totally disagree with you....i'm watching pre market small trades at the ask, substantially lower then yesterday close(atml has traded 10 on the ask..10 13/16 on the bid)....i talked to a traders desk, and no one knows what the catalyst has been for the futures down..... the inmates are running the asylum...not good, but a reality...wall street news has become main street news....the wall of worry is growing.... the first hour will be telling...probable spike down, but if support is held on issues that are attempting to base, then buying may begin....... the houses is where i disagree...they have been as inept as the retail investor, only their magnitude moves markets up and down.... only to remind you of the october 1998 morning when most large cap techs opened down more then fifty percent.... perceived bank problems can give justification for rapid rate cuts by the fed....thankful that a republican administration is in.... the dynamics are in place...but a very delicate balance...can fall short term to either side of the fence... i care not about the indices, only specific stocks...the more they test and hold, the stronger they become... not sure why futures down so much...but they are.. good luck ed a.

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