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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (30811)	4/28/2000 10:18:00 AM
From: Rich1	Respond to of 63513

Carpino looking for lows today and Monday.

To: The Phoenix who wrote (30811)	4/28/2000 10:50:00 AM
From: Poet	Respond to of 63513

Hi Gary, I did the same as you: sold BRCM and NTAP calls bot yesrday into the opening pop, then bot QQQ poots. I'm betting on a EOD sell-off in the Naz.

To: The Phoenix who wrote (30811)	4/28/2000 11:24:00 AM
From: John Pitera	Respond to of 63513

Gary, it may well make sense to take some money off the table. Interest rates are saying maybe we see a 50 basis point rise by the FED in May. ------------ 17:14 ET 30-year: -19/32..5.984%....GNMAs: -14/32....$-¾: 106.41 Treasury Summary: Another ugly day for the Treasury market as inflation fears and associated anticipation of Fed rate hikes boost yields. Employment costs rose by a much stronger than expected 1.4% in Q1 and the GDP deflator also topped expectations at 2.7%. Though GDP growth was slightly below expectations at 5.4%, this growth rate was still very strong and was overshadowed by the inflation figures. Though sharp declines in stock prices provided a temporary lift to Treasuries in the morning, their subsequent improvement left Treasuries with nothing but rate hike fears to ponder. Forecasts of a 50 bp rate hike in May are now common, and the curve inverted further as a result...more -------------- 14:06 ET 30-year: -24/32..5.995%....GNMAs: -13/32....$-¾: 106.34 Fed Pros and Cons: After today's worse than expected inflation indications, the market is moving to a nearly 50/50 split on the chances for a 50 bp rate hike on May 16. The probability has spiked from 15% yesterday to 43% today. Though these numbers have significantly increased the risk of a 50 bp hike, there is still one compelling argument for moderation -- Greenspan's words. He recently commented that the market is expecting continued "gradual" rate hikes. That's like a CEO saying that analysts expect such and such for earnings -- it's an implicit endorsement of the forecast. Until we hear Greenspan change his tune, we are betting on another 25 bp hike, but admittedly, the risks of 50 bp increased today.

To: The Phoenix who wrote (30811)	5/1/2000 1:45:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 63513

Going short on a bullish triangle is risky OG! Nasdaq. 4000 O X O -----------------------------4000-------- 3950 O X O x 3950 3900 O X O x 3900 3850 O X O X X 3850 3800 O X O X O X <--break of Bullish Triangle. 3750 O X O X O X --X -------------------3750-------- 3700 O X O X O X O X 3700 3650 O O X O X O X 3650 3600 O X O X O X 3600 3550 O X O X O 3550 3500 O X O X -----------------------3500-------- 3450 O X O X 3450 3400 O X O 3400 3350 O X 3350 3300 O 3300 3250- O -----------------------------3250------- 3200 3200 QQQ. 96 O X O x 96 95 ----------O X O --------x------------95 94 O X O X 94 93 O X O X X <--Break of Bullish Triangle. 92 O X O X O X X 92 91 O X O X O X O X 91 90 ------ O X O X O X O X -----------90 89 O O X O X O X 89 88 O X O X O X 88 87 O X O X O X 87 86 O X O X O X 86 85 ------ O X O X O X -----------85 84 O X O X O X 84 83 * O X O X O 83 82 * O X O X 82 81 * O X O X 81 80 -------* ------O X O -----------------80 79 * O X 79 78 * O 78 77 * 77 And just for fun, Cisco. 72 O 72 71 O x 71 70 ----O X ------X <--Break of Bullish Triangle 69 O X O X X 69 68 O X O X O X 68 67 O X O X O X 67 66 O X O X O X 66 65 O X O X O X ----------65 64 O X O X O 64 63 O X O X 63 62 O X O X 62 61 O X O X 61 60 --------O X O ----------------60 59 O X 59 58 O X 58 57 O X 57 56 O 56