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


To: pater tenebrarum who wrote (47195)4/18/2000 4:26:00 PM
From: Charles P. Hubbard  Read Replies (1) | Respond to of 99985
 
Heinz, did you not caution us to expect a furious bear market rally ? i think you were right on. it will not last imho.



To: pater tenebrarum who wrote (47195)4/18/2000 4:27:00 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99985
 
Heinz, it is the February game all over again during a 2 day period.

Old economy stocks are down or slightly up an the NAZ rockets up.

See MMM or DD as an example, IBM weak compared to MU or SUNW

INTC now up $1 in after hours as I print

BWDIK
Haim



To: pater tenebrarum who wrote (47195)4/18/2000 4:30:00 PM
From: fedhead  Read Replies (2) | Respond to of 99985
 
Cramer mentions that too many puts were bought last Friday.
That might explain some of the rally heading into expiration.

Anindo



To: pater tenebrarum who wrote (47195)4/18/2000 5:40:00 PM
From: SBerglowe  Read Replies (1) | Respond to of 99985
 
>"the rally is viewed with skepticism by many, including myself, which argues for its continuation."

Well said, but I hope not! If they break INTC, TXN, ...I still feel the market will follow the semis.



To: pater tenebrarum who wrote (47195)4/18/2000 10:07:00 PM
From: Bearded One  Read Replies (5) | Respond to of 99985
 
My sources tell me that the day traders are gone-- wiped out due to the last few weeks craziness. They provided a lot of volatility in hot stocks and helped some of the larger players catch signals to run up stocks massively. They also probably helped generate a lot of excitement. What will be the effect of their demise?

Note that it won't be easy for them to come back-- several of the day-trading offices have closed, and they were a heavily margined group.