To: Compadre who wrote (859 ) 6/8/1999 5:10:00 PM From: James F. Hopkins Read Replies (1) | Respond to of 2103
I said it would take Guts !!! Now we will have to look at the Futures in the AM.. They did the trick again right at the close while the programs were lock out..( futures went to buy area ) however that can change over night real easy. My guess is fr0m this point the QQQ will still fill that second gap up and go to 102..below that the selling will get fast. She may rally back to 106 if the Futures hold over night..it's going to be volatile. But longer term this tech sector can't handle 6% rates at all, it needs 5.25 or less. Now there was a double whamy that most people don't know about, ( today the Foreigners saw our market dip more than we did ) they got hurt in trading EUs and Yen on our stocks as the Dollar fell, but they got hurt after their market closed..so taht could put them back in sell mode, they had stopped selling last week as the dollar was going up and made their investments in our blue chips look good. But that's not subject to be the case come the AM. ------------------- I'm going to paste this just so I can have it to compare with before the open tomorrow.. 8th June 99 22:59 - Frankfurt Stock Exchange opens in 9 hours 30 minutes. Name Symbol Last Trade Change Volume More Info DELL COMP. DL-,01 [DLC.F] DLC.F 18:59 BST 33.50 -0.10 -0.30% 68,519 INTEL CORP. DL-,001 [INL.F] INL.F 18:59 BST 51.00 -1.50 -2.86% 21,719 MICROSOFT CORP. DL -,001 [MSF.F] MSF.F 18:59 BST 78.50 0.50 +0.64% 18,983 INTL BUS. MACH. DL-,20 [IBM.F] IBM.F 18:59 BST 114.50 -1.00 -0.87% 13,985 CISCO SYSTEMS [CIS.F] CIS.F 18:59 BST 110.50 -0.50 -0.45% 11,680 COMPAQ COMPUTER DL-,01 [CPQ.F] CPQ.F 18:59 BST 22.35 -0.65 -2.83% 133,031 MCI WORLDCOM INC. DL-01 [WCO.F] WCO.F 18:59 BST 88.50 1.00 +1.14% 8,329 AMER. ONLINE INC. DL-,01 [AOL.F] AOL.F 18:59 BST 109.50 -5.50 -4.78% 52,768 GENL EL. CO. DL -,16 [GEC.F] GEC.F 18:59 BST 99.50 -2.50 -2.45% 11,535 COCA-COLA BEVERAGES LS-50 [CCB.F] CCB.F 19:27 BST 1.75 0.00 0.00% 0 EXXON CORP. [XONA.F] XONA.F 18:59 BST 77.50 -0.20 -0.26% 1,503 Royal Dutch ROY.F 18:59 BST 55.85 -1.05 -1.85% 113,162 PFIZER INC. DL-,05 [PFE.F] PFE.F 18:59 BST 108.50 -3.00 -2.69% 9,248 Merck KGaA MRK.F 18:53 BST 33.55 -0.40 -1.18% 29,660 LILLY (ELI) [LLY.F] LLY.F 18:59 BST 70.00 -3.00 -4.11% 1,375 -------------------- I have an idea an early morn check on them will look worse.. and if so the Futures will give back that last min run up, I think some one forgot to check on the dollar before they made taht bet. But we will just have to wait and see. Longer term I still see the Dow dropping to 9900 before it gets over this case of shakes. Jim