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


To: KevinMark who wrote (97514)4/17/2000 2:40:00 AM
From: $Mogul  Read Replies (2) | Respond to of 108040
 
Kevin, I know your frusterated..but when IB's like MLCO has more Cash on the sidelines then in the last 5 years, retails are not going to move this mkt. It is the Institutions... they will soon, be patient...but the trading will be fierce as they have instructed there trading divisons to be overtly agressive. Very treacherous waters..... be patient my friend.... I expect them to enter in 10% multiples... but no one is going to stick thter neck out quite yet. Reminds me a lot of musical chairs....



To: KevinMark who wrote (97514)4/17/2000 2:48:00 AM
From: SirRealist  Respond to of 108040
 
Agreed on the 2900 and the bounce KevinMark. I'll be buying there. Might sell too soon on the rebounds, to be conservative, though.

As for the FOMC mtg, I think the October 99 low (2632?) is a more realistic bottom, though for now, I'm optimistic that we'll simply revisit what low we hit today.

I plan to sleep in ... never enjoyed gawking at bodies on the highway....



To: KevinMark who wrote (97514)4/17/2000 10:10:00 AM
From: SgtPepper  Read Replies (1) | Respond to of 108040
 
Man I've watched INCA for 5 straight days continue to pounce on the ask whenever anyone attempted to buy the dip

After following Level 2 for several years, I've concluded that most of those trades out of INCA are daytraders; Friday they were going short. When you see them on the bid, this selloff is over.