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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (6195)	6/30/1999 2:24:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 11051

Thanks Berney .. I don't like this market action .. I had expected the market to pull back a little and then rally after the FOMC got done. It went just the other way so far .. I've always figured that if I got the first part 180 off then .. The nasty part is that 695 number .. For us to be bumping up against what you figure to be the top of the channel going in to the fed announcement .. Currently 75% SPX fund and 25% tech fund. Up ~20% for the year so far. budget surplus??? what a joke. Let's see .. If you were the custodian of my retirement account. Drained it for every penny that you could. Then held a press meeting to announce that it might be a good idea to use some of the on going deposits to raise the possibilities that I just might get some of my pension back .... well .. how many road blocks would there be set up for you on the way out of town <NG> Of course, if your part of the government, you can call it a "surplus." The only excuse that I can see to use any of that money at all would be to pay off the debt. That would raise the amount of money available when all the interest has been removed from the budget. Forget about a tax cut today .. give us one forever .. pay off all the debt. (course it'll never happen) anyway .. nuff rant for today. Y2K .. did you read the gallup pole about cash withdrawals before 12/31? It's been a long time since the banks said "sorry we don't have that much money here." I noted the dead air space about big balls over on the MDA thread. Seems to me that 12/31 just might be a good day to buy stocks. good night .. some data: Futures sold off after the close of stocks again .. Red flag .. Globex could be well into positive and still be in sell program area at the open. Globex opening trigger values: Buy trigger : 835 (1365.05) Sell trigger : 428 (1360.98) Prem values for the day: buy trigger 13.6 fair value 11.52 sell trigger 9.53 Black fork tines: Upper : 1381.41 (29.96) Mid : 1345.84 (-5.61) Lower : 1310.26 (-41.19) On 6/29 the SPX closed within the upper channel of the black fork. This area held the SPX for six weeks, from 4/8 to 5/18 except for a three day blip ~ 4/20. The rest of this week may confirm this upper fork channel again.