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To: Zeev Hed who wrote (39052)3/29/2000 3:38:00 PM
From: Jdaasoc  Respond to of 93625
 
Zeev:
I had a computer lockup and I was writing that this move up may be a fake. That was 50 NDX pts higher. Fidelity was rumored to have started last rotation from tech to drug, banks and financials. Cheapening tech stocks only makes the buying stronger on recovery. I am worried that market is picking MSFT GE and WMT as poster boys on the rally.
It could be very upsetting if MSFT rulings do not turn out good.

PS Percentage of Island ECN trading going up as we started to go down form 310. (22% to 25% of total) Looks like citizens of Rome going to feed us to lions.

john