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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (35368)	4/5/2001 9:59:36 PM
From: Dealer	Read Replies (1) of 65232

To:ajtj99 who wrote (42168) From: LTK007 Thursday, Apr 5, 2001 9:42 PM Respond to of 42170 today's post market comments from ST <<Thursday April 5 2001 5:10 PM EST Update in progress.....indicies up first. Mentioned over the past couple of days that MOST tech indices were nearing their MAJOR support levels on their weekly charts and that would be a spot where longer term shorts would be locking in some gains and scalpers would be sniffing around. Today, we had a Violent Bear Rally in TECHS....as a matter of fact today was one of the largest percentage gain days in the markets history. To keep things in perspective, 9 out of the last 10 largest percentage UP moves in the NDX has been in the past 12 months....a period in which the highs to lows were down 72%. So, needless to say, 1 MASSIVE up day does not make a bottom. A bottom is a process in which there will be a series of higher lows in which a CLEAR basing process will be established. We took the RED coloring off for 1 day here due to an across the board rally in all sectors, not bullish but just a little Bear rally respect...nuttin more.(end quote now my remarks) the NDX resistance bear market rally resistances are roughly 1585 and then 1850--i have roughly because i don't have the precise measures yet. COGN just had a few minor trades all below close price(about 15.50) and then at about 5pm a late recorded trade for 23,000 shares at 15.81 --listed as neither at bid nor ask so strongly suspect it was a preset to wvpa(price set pre-market to be at weighted average price/volume) so no way at all to know if it was a buy or sell--ONLY the MM knows:) max

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