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To: Jorj X Mckie who wrote (81)	4/11/2000 3:05:00 PM
From: Don Pueblo	Respond to of 388

Man, CNBC is special today. We started off this morning with Maria's prediction for the day. She opined that nothing much would happen. At noon, Bill Griffeth showed a chart of the Nazz with three different MAs on it, and suggested that "the trend has not changed" because it had not broken through any of the moving averages. In fairness, he then said he didn't know anything about TA, so I won't beat him up. I am going to send him an e-mail showing him how to draw a trend line on the weekly Nazz bar chart so he can see what a trend line violation looks like. Then about an hour ago they had some analyst for some big house that replied to a question about the market and its movement by saying he thought 'the markets [were] being driven right now by emotion, and that [he] really [didn't] know which way things would go from here'. That's rich, eh? I want that job. I'll do it for half of what they pay him. And then, they had a fund manager that runs three billion dollars. He said he had two strategies. I am not making this up. He said that one way to do it is to buy on breakouts. That's because the stocks that break out are good stocks. The second strategy is to buy on dips. My question to this bonehead is: if you buy on breakouts and you buy on dips, when do you sell? Now Bob Pisani is complaining that the "volume has dried up" in the last couple of days. This is bad, according to Bob. Bob thinks that the day traders have stopped trading, and the problem is that there is a lack of buying by institutions. I wonder how many years Bob will take to figure out why the volume has dried up this week. I ain't gonna tell him, I want him to figure it out for himself. It's great TV. <G>