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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (4251)	11/10/2000 12:38:07 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

The market moves are probably less about the election and more about fundamental stories. Price isn't where its at today because of the election, it was heading that way for some time, at least on the NDX. The year lows are too close not to create strong emotions in players. Either way, some serious reckoning is at hand, and as traders our job is just to be open to scenarios that work either way and trade what we see. Noticed on line today... "Keep Your Head Down and Buy, Experts Suggest; Sky Not Falling " "Nightmare on Election Street" "Investors Won't Lower the Bar for Cisco" With the 'experts' having so many contradictory opinions, all on the same day, what's the point of listening to anyone LOL? I'll stick to the charts thanks!

To: KevinMark who wrote (4251)	11/10/2000 1:13:46 PM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 8925

KM: Ah, good point. I expect the battle lines to harden this weekend, also, which may spook the markets further. Warren Christopher will be speaking in a few minutes, so we'll get a clue then about how exactly the weekend will look. This market really feels to me, too, like it wants to go through the 3000 level and wash out some of the remaining hopeful money. As Teresa suggested in an earlier post, there have to be bottom fishers holding on for dear life who'll bail out when the market cracks 3000 -- people who expect a November rally, but are seeing the market blow up in their faces. Sub-3000 would have serious psychological consequences for this market, I'd think.