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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (34433)	3/18/2002 6:55:08 PM
From: ajtj99	Read Replies (1) of 209892

It's like the Buffet at the Bellagio in Vegas. GE just went up and filled about 18-plates with crab legs (If you've ever been there, you know what that looks like when the pigs get there). The more interesting note is the IPO's coming out later this week (Thursday?). I think you have to chalk up Wednesday as a positive day for the NYA and possibly SPX because they will have to price those IPO's Wednesday night. They'll hold up the market in the AM Thursday and let it drop all afternoon after the shares open for trading. The IPO's are not huge (maybe $6-Billion?) but that's a lot now when it's rare to even have any IPO's. Heck, I Think CORV's IPO was about 1/3rd of that when it came out.

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