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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (727)	5/24/2000 6:20:00 PM
From: Jill	Respond to of 10876

Thomson I watch If you beat stocks down for long enough, eventually, they will bounce back. (Something like Murphy's Law.) At long last, we got our revival this afternoon. Brave buyers stepped in to pick up some the oversold issues, sending all of the major indices charging into positive territory during the last few hours of the day. Notably, the "eager beaver" profit takers did not move in to take out the rally, as they have done in recent sessions and earlier today. Additionally, trading volume picked up in the latter part of the session. Both the DJIA and the NASDAQ Composite chalked up triple digit gains, overturning most of yesterday's weakness. The S&P 500 also closed firmly to the upside, gaining 25.2 points. However, market breadth remained negative on the NYSE and the NASDAQ. * Market watchers are impatiently awaiting tomorrow's economic data, particularly the revised 1Q GDP figures. If all reports are generally in-line with economists' expectations, today's buying momentum could continue, with even more participants. However, most strategists are dutifully warning that the selling spree is not over yet, as we haven't seen the significant drop lower on accelerated volume.