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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/3/2001 11:10:26 AM
From: besttrader	Read Replies (1) of 37746

11:00 ET Dow -113, Nasdaq -41, S&P -17.77: [BRIEFING.COM] Action has been choppy in the past half hour with the Dow and S&P reaching new session lows before another rebound effort was initiated... Thus far, not a great deal of buying interest as traders have been inclined to take profits in the wake of the market's strong run over the past month.... Lack of positive news today, weakness in overseas trading, and concerns about earnings prospects following a batch of weaker than expected economic data have contributed to the negative bias... Financial, technology, and cyclical stocks have paced the retreat... Separately, it might interest you to know that Briefing.com is hearing from trading sources that Warren Buffet has been buying zero coupons in the past couple of days... Whether that is indeed accurate or not, the mere idea lends some concern to the validity of the recent equity bounce... NYSE Adv/Dec 887/1837... Nasdaq Adv/Dec 1092/2106.

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