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To: Defrocked who wrote (30520)5/2/2000 3:01:00 PM
From: Defrocked  Respond to of 42523
 
Again the markets are actually quite illiquid.
IMHO we are vulnerable to the downside here.
A small hedging program during the last hour
will take SPM through the "stop-heavy" 1359 area.
The indexes are seeing good selling in the
large cap stalwarts like INTC,MSFT,CSCO,NT,WMT,
ORCL,LU in the OEX plus JDSU, WCOM, CHIR and YHOO
in the NDX.

We could see a 2% decline overall in the last hour,
which means -100 more on the DJIA, 10 more on the OEX
and we're almost there already on the NDX.

BIDKJS.