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Strategies & Market Trends : MP - Market Pulse

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To: HairBall who started this subject	7/18/2001 10:35:04 PM
From: s berg	Read Replies (2) of 1328

LG, I was watching NQ1u the naz futures contract on the 13th and it made a high and turned down from 1799. Spent considerable time with ferocious trading not hitting 1800 which I assume triggers programmed trading of some kind. Along with the poor breadth relative to previous short covering rallies I assumed the rally was some sort of option's expiration related phenom. Almost made another peak in the aftermarket yesterday c/w your turn date. Are you still projecting a low early august. Any possibility of a retest on naz or SP. Incidentally, in terms of where Cleo comes from the NYT had a front page article on that industry recruiting from the welfare rolls. When welfare recipients professed to a lack of psychic ability apparently they were told "don't worry we will train you".

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