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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Joe Smith who wrote (33464)8/31/2000 3:00:25 PM
From: Rande Is  Read Replies (3) | Respond to of 57584
 
Joe, the best way I can answer your question is with a question. . . .if you were an MM returning on Tuesday to Naz 4200 and Dow 11300. . . what would YOU do?

I suspect certain issues to see HEAVY trading in after hours today. . . like XING, TALK, XING, CHINA and did I mention XING?

Because tomorrow starts a new month, many of these poppers could see short re-entries tomorrow. I still lean toward a blow off top tomorrow. . . but the PRUDENT move is always to exit early. If we gap up TOO high tomorrow, I'll seel into those gaps, then re-evaluate.

Having called this week to the number, I am even more confident that we will be slammed on a sizeable gap up on Tuesday. And once more, I'll be shorting the market at that point.

I hope that helps,

Rande Is

PS> These analysts sound silly trying to explain today's strength without giving away the REAL reason. . .which they know good and well. . . ."money coming in from sidelines" .. . "getting in ahead of next week's economic numbers" . . ."window dressing". . . .and citing technical reasons. . . funny actually.