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To: Chris who wrote (28830)8/31/2000 11:28:02 AM
From: Robert Graham  Respond to of 42787
 
Interesting. The Internets have put in a small top. Price is now drifting down on the DOT index. Since the Internets were showing some strength during the recent selling, as noted by Donald Sew, I thought it would be one of the sectors to look at on today's rally.

Computer Tech index +28, SOX +21, and DOT -7.

11:26 AM

A program trade went off. Some effect on the SPOO and ND futures indicating there is some buying interest here.

Bob Graham



To: Chris who wrote (28830)8/31/2000 11:45:01 AM
From: Robert Graham  Respond to of 42787
 
The TIKI is revealing buying interest. TICK after putting in a spike to the downside is now moving up. TRIN appears to be responding with a move down.

11:50 AM

Interesting. Price made little headway up so far. Lunch session begins in less than ten minutes.

11:55 AM

Looks like TRIN has instead put in a push up. This IMO is placing more downward pressure on price. If TRIN continues up from this point, either price will continue in congestion, or there can be a sell off coming up. This means that the potential for upside would be limited.

Bob Graham



To: Chris who wrote (28830)8/31/2000 12:37:21 PM
From: Robert Graham  Read Replies (1) | Respond to of 42787
 
Looks like TRIN continued up placing a top on the market.

Bob Graham