Thanx Donald ; We are on the same page. I saw the S/MMs start
shorting today at the top, ( tick went hard down but indexes
held too long ) then as they started falling they started
a systematic covering , as outside shorts came in they passed
their shorts to them, and most closed out flat leaving the
early bulls down, and the outside shorts holding over night.
-------------
I know that's a lot to glean from the action, but I have
cultivated an eye for it. My expectations are for a run up
early maybe taking out stop losses , then depending things could
hang on the Fed doing a big repo tomorrow. What the heck the
Golbex does, and the bond too. The Bond and stocks are backwards
that always signals a move. Odds are that it will be down,
my guess is 70/30 after a bounce.
------------
Not many people realize how hard the sml caps have run up
since SEPT..even the Mid caps, so that makes the market,
subject to a faster down swing when it comes, as it's harder
to get money out of the thinner traded stocks.
Now some Fund managers know this, the DOT index ( internet index
)and I have it set up just like they do, well only one of
them was up today, the internuts dropped as a grope.
7.5% in one day..
I warned people about this several days ago, if they start down
again in the morning then smart money is getting out...
Symbol Name Last Trade Value Change Shrs Paid Gain Trade Date Mkt Cap
^INX2 INTERNET INDEX 4:49PM 493.46 -$0.03 -7.54% .0008 307.28 $0.15 +60.59% 12-Apr-98 N/A
^DOT INTERNET INDEX 4:35PM 508.70 -$0.03 -7.22% .0008 321.05 $0.15 +58.45% 4-Dec-98 N/A
^SPX S&P 500 INDEX 5:00PM 1256.62 $0.00 +0.37% .0002 1176.74 $0.02 +6.79% 4-Dec-98 N/A
AMZN AMAZON COM 4:01PM 113 -$23.59 -19.18% .88 62.83 $44.15 +79.85% 4-Dec-98 17.887B
AOL AMERICA ONLINE 4:16PM 148 1/2 -$1.24 -1.33% .62 88 $37.51 +68.75% 4-Dec-98 68.035B
ATHM AT HOME CP A 4:01PM 109 3/4 -$5.46 -4.88% .97 56 15/16 $51.23 +92.76% 4-Dec-98 13.389B
BVSN BROADVISION 4:00PM 41 3/16 $7.01 +8.39% 2.2 25 1/16 $35.48 +64.34% 4-Dec-98 1.012B
CHKPF CHECK PT SFTWRE 4:00PM 45 -$15.75 -18.92% 1.5 35 7/16 $14.34 +26.98% 4-Dec-98 1.591B
CMGI CMGI INC 4:01PM 95 1/2 -$1.52 -9.05% .16 34 1/4 $9.80 +178.83% 4-Dec-98 4.409B
EGGS EGGHEAD.COM 4:01PM 21 9/16 -$2.52 -3.63% 3.1 17 13/16 $11.62 +21.05% 4-Dec-98 526.0M
LCOS LYCOS INC 4:00PM 104 13/16 -$8.29 -7.19% 1.02 54 5/16 $51.51 +92.98% 4-Dec-98 4.501B
MACR MACROMEDIA INC 4:00PM 37 -$2.00 -2.63% 2 27 9/16 $18.88 +34.24% 4-Dec-98 1.480B
MSPG MINDSPRING ENT 4:01PM 95 -$6.05 -6.40% .93 59 1/2 $33.01 +59.66% 4-Dec-98 2.658B
NETA NETWORK ASSOC 4:01PM 45 3/16 -$8.23 -14.54% 1.07 51 1/2 -$6.75 -12.26% 4-Dec-98 6.104B
NSCP NETSCAPE COMM 4:01PM 64 -$0.74 -0.78% 1.48 37 5/16 $39.50 +71.52% 4-Dec-98 6.370B
OMKT OPEN MARKET INC 4:00PM 14 1/4 -$2.67 -3.39% 5.35 10 5/16 $21.07 +38.18% 4-Dec-98 498.8M
ONSL ONSALE INC 4:00PM 46 1/8 -$6.23 -8.21% 1.51 36 7/16 $14.63 +26.59% 4-Dec-98 885.1M
RNWK REALNETWORKS 4:00PM 57 1/4 -$9.66 -9.49% 1.61 34 3/16 $37.13 +67.46% 4-Dec-98 1.724B
SDTI SECUR DYNAMICS 3:59PM 26 15/16 -$6.59 -6.71% 3.4 15 7/8 $37.61 +69.69% 4-Dec-98 1.101B
SEEK INFOSEEK CP 4:01PM 66 9/16 -$16.59 -13.63% 1.58 34 15/16 $49.97 +90.52% 4-Dec-98 2.098B
USWB USWEB CP 4:00PM 31 $0.82 +1.02% 2.61 21 1/8 $25.77 +46.75% 4-Dec-98 1.385B
XCIT EXCITE INC 4:00PM 96 5/8 -$14.45 -12.16% 1.08 50 7/8 $49.41 +89.93% 4-Dec-98 4.985B
YHOO YAHOO INC 4:01PM 287 3/16 -$10.39 -11.09% .29 189 3/4 $28.26 +51.35% 4-Dec-98 28.343B
23 symbols
Totals(USD):
-$134.18-7.50%
--------------------
On the other hand MY 10 runners were up today
All but one..
-----------
Symbol Last Trade Change Volume Value Value Change Gain Mkt Cap Trade Date Notes
^SPX 5:00PM 1256.62 +4.62 +0.37% N/A $12.57 $0.05 +0.37% $2.83 +29.03% N/A 4-Sep-98 -
MSFT 4:01PM 162 5/8 +7 +4.50% 31,370,300 $3,252.50 $140.00 +4.50% $1,320.00 +68.31% 405.5B 4-Sep-98 -
PFE 5:01PM 119 11/16 +3 13/16 +3.29% 3,987,500 $1,795.31 $57.19 +3.29% $364.69 +25.49% 155.3B 4-Sep-98 -
CSCO 4:01PM 106 1/8 -1/4 -0.24% 18,269,400 $1,591.88 -$3.75 -0.24% $703.12 +79.11% 167.6B 4-Sep-98 -
LU 4:53PM 115 1/2 +1 7/16 +1.26% 10,132,000 $1,155.00 $14.38 +1.26% $402.50 +53.49% 152.3B 4-Sep-98 -
DELL 4:00PM 85 5/16 +3 3/16 +3.88% 27,378,500 $1,706.25 $63.75 +3.88% $611.25 +55.82% 108.5B 4-Sep-98 -
SGP 5:01PM 54 7/8 +2 7/16 +4.65% 4,149,600 $548.75 $24.38 +4.65% $92.50 +20.27% 80.645B 4-Sep-98 -
WMT 4:19PM 80 1/4 +3/16 +0.23% 3,401,300 $1,605.00 $3.75 +0.23% $435.00 +37.18% 178.4B 4-Sep-98 -
F 5:01PM 64 11/16 +3/4 +1.17% 3,966,400 $646.88 $7.50 +1.17% $228.12 +54.48% 73.689B 4-Sep-98 -
TWX 4:48PM 66 +3/4 +1.15% 3,138,800 $330.00 $3.75 +1.15% $121.88 +58.56% 73.447B 4-Sep-98 -
HD 4:11PM 57 5/16 +1 7/8 +3.38% 5,519,600 $573.12 $18.75 +3.38% $190.00 +49.59% 89.586B 4-Sep-98 -
11 symbols
Totals(USD):
$13,217.25$329.73+2.56%$4,471.89+51.13%
-----------------
With the nuts down 7.5% but the runners up 2.5% I still
want some conformation before going short, but I'm dammm
close If the runners and nuts start to fall at the same time
SHORT EVERY THING YOU CAN
Jim
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