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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (45998)	4/13/2000 2:27:00 PM
From: set	Read Replies (2) \| Respond to of 99985

> october is the scary month considering that the S&P is holding its 3/21 support I think the emotion is pretty thick. Perhaps since nobody owns any S&P stocks any more they have nothing to cheer about.

To: bobby beara who wrote (45998)	4/13/2000 3:27:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

Bobby: Today's NAZ bounce indeeed looks like the dead cat variety. We may need another real bad day to set us up for a tradable rally. But James Cramer getting cautiously bullish: Fear Bottoms Out for the Bears By James J. Cramer 4/13/00 1:01 PM ET We are getting a lot of deal cancellations. That's a sign. We like that. It makes sense. That makes things better. We figure that we've got a fear bottom of sorts and we like the action in Motorola (MOT:NYSE - news - boards), which has been one of the real drags here. We love the fact that the bears floated bogus rumors this morning that Microsoft (MSFT:Nasdaq - news - boards) would preannounce bad earnings. What a crock! But I sense a battle of encirclement there, with the bulls getting the upper hand. And biotech, which is a swell tell of the day, has lifted. We just sold a round of 5s and 10s (5000, 10,000) into the strength, but we did it without much enthusiasm because we like what we see. Oh, and when I was off the desk I see we sold the Exodus (EXDS:Nasdaq - news - boards). Heavens! Oh well. Funny that Gary B. Smith comes out this morning and likes it! Random musings: Hedge-fund lookout: Still don't know anyone in trouble. In fact, this little lift has given the Street the liquidity it needs. Remember, margin clerks are sidelined. Not much happening there.