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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (12516)	3/16/2000 4:27:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

what on earth was this today and yesterday. A new bull leg after a correction, extreme volatility before we fall some more in a bear, major distortion ahead of triple witching, a mighty sucker rally ala 1929. Who the heck knows? If Bob knows he ain't talking until next week unless you're going to his event. And my aggressive SPY short hedge was looking awfully good a few days ago Marc

To: marc ultra who wrote (12516)	3/17/2000 6:01:00 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Marc: When I wrote that post, there was an upward trend turn but not the incredible spike we got at the end of the day. Looks like a triple witch event prompted by the unwinding of trades that were betting that the S & P 500 would continue down while being long the Naz. Some on the thread had the good fortune (up until yesterday) of making that trade here in the form of a hedge <g>. There was no fundamental justification for that move in the S & P 500. We closed SPYs at 146 3/4 while the December 31 close was 146 7/8 so its test time. I wonder if it will reverse with the Naz heading higher and the broader market taking a back seat. The volatility in this market is incredible and not a good sign. I have looked at the history of the Naz and have never seen this kind of corrective process where we get three day 10% corrections. These things used usually take weeks. Re: " I have though taken the opportunity to use the NASDAQ and biotech weakness to add to my concentrated position in my favorite biotech. I established some evry small tech. position for a trade only and have my hand on the trigger. There were some techs. at reasonable prices at a point yesterday while the broader market was making its move up. Re: " To some extent I'll continue to live and die as ENMD goes." Rock and roll.