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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: John F. who wrote (95935)4/13/2000 12:56:00 AM
From: athomeinmypajamas  Read Replies (1) | Respond to of 108040
 
John F...maybe there is some real margin selling going on now. If we are to believe what we are told by CNBC reporting, many institutions reported an absence of margin selling so far, a lack of panic and a lack of fear...the market always dips and always rebounds...right ? That Nas 3000 figure if tested may get peoples attention.

The last time the market sank in the summer of 98 the turnaround (recovery in the fall) was preceeded by one week by a cover story in either TIME or NEWSWEEK announcing the demise of the bull...a great contrarian indicator,just one more thing to watch out for.



To: John F. who wrote (95935)4/13/2000 7:55:00 AM
From: SgtPepper  Respond to of 108040
 
Question: And what caused volume to pick up in the last hour?

Answer: Three CNBC analysts said it will go down, last old man with the hoarse voice (probably doesn't know how to use a PC) was touted as always being right on the money.

IMO, CNBC has set up the best short squeeze we will see this year. Run up will last until option expiration next Friday.

Too much money tied up in those puts the big guys sold for them to let it stay down.


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