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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: DebtBomb who wrote (81048)6/18/2002 10:04:01 PM
From: The Freep  Read Replies (5) of 99280
 
Dale -- I see some bearish excitement on your part in a few posts tonight. First thing you should realize is that although the NDX futures are showing down 32. . . they also rallied around 30 points from 4:00 to 4:15. Consequently, if the market were to open with the futures right here. . . you'd be looking at a flat open, more or less. Not nearly as "Phase 3 deadly" as it appears. Also, keep in mind that ORCL and the software boys closed after hours up (ORCL up 40 cents from its close). Who knows where they'll be in the morning, but they might do something counterweight Apple et al.

Now, where the futures will be in the morning is anyone's guess. Dollar weakness and world events make 'em lower? Analyst-speak move 'em up or down? I dunno. Still, in other words, don't count your phase three until it's hatched. <g>

the freep
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