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To: Eddy Blinker who wrote (29232)4/25/2000 11:39:00 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 42523
 
Ed, we have one bullish sign, and that is the island reversal in the NAZ on the MSFT news.

however, there are just as many indications that we are not done with the downside. one is the fact that the market has shown no fear at all. Rydex ratios remain in deeply overbought territory, in spite of the weak action of the NAZ.

regarding YHOO, i have this interesting little research tidbit for you, which would support your position:

schaeffersresearch.com

furthermore, we all know about GS having bought the futures yesterday and today and incidentally being the lead underwriter on the T wireless deal which gets priced tomorrow...it looks as though the market was stabilized to make sure the deal will go through without a hitch.

regards,

hb