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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (27823)	8/17/2000 11:56:56 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 42787

Donald, another sign of the mania? Oil is powering up, $32.5 just a few minutes ago and the "love stocks" with 3 digits P/E's are powered higher. Inflation - oil or energy is not part of it <GGGG> Haim

To: donald sew who wrote (27823)	8/17/2000 12:25:46 PM
From: PMG	Read Replies (1) \| Respond to of 42787

Don, what do you think will be the direction for the rest of today/tomorrow. For me, it's almost unbelievable to see NDX etc. gain this way and showing stability at higher levels moreover. RUT only up marginally is a sign that this is not the broad market and in absence of important news (excl. poor hwp earnings g) it seems to me that this is just a traders game or it's option expiration. The NDX candles yesterday pointed almost perfectly to a move down. Instead, 50 sma was broken. The down trend line (march&July top) @ 3860 is still out there to stop this manic action. On the other hand, bond yields and gold seem to follow, not to lead this, so smart money should be shaking heads, too. I got into SEP NDX puts yesterday and I am still holding... cu PMG