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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (3157)	8/5/1999 4:11:00 PM
From: Herschel Rubin	Read Replies (2) \| Respond to of 10027

Capitulation at last! Blew past $40 before the close. Bullish for tomorrow. As I had said: they may bring it up in the minutes before the close, and they did. So it went according to plan (this time). But there's one more hurdle tomorrow a.m. with the employment report... My sense of it is that this rally on the eve of the July Non-Farm Payrolls report is indicative that the investing public doesn't care at this point what the payrolls report is. They see an oversold market that has already factored in a 1/4 point tightening. If the payrolls report comes in at the low end of the 216,000 new jobs estimate, we will see a powerful reversal as the market removes expectations of that 1/4 point tightening. Nasdaq volume 1.165 BILLION shares. What was that about slowing volume in August, Mr. Burn'em? Volume & volatility are NITE's friend.