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

To: Michael Watkins who wrote (4254)	11/10/2000 12:55:05 PM
From: KevinMark	Read Replies (2) \| Respond to of 8925

I respect your opinion, and I trade based upon charts too. But, the fact is the COMPX is exactly where's it at due to the election and SOME negative fundamentals, such as DELL(should have been expected). Positive news in any tech issue is simply being ignored. Negative news is a death sentence. Institutional inflows came in yesterday at an unbelievable pace when the COMPX touched 3084, then most sold at the close because of the uncertainty in the election, which obviously from today's results, still do not like uncertainty. The night of the election, futures were down 25, then rallied to + 65 as the final results were getting closer. The well is full of cash, but the pump is on hold till some resolve is in order. The VIX is getting closer to bumping against it's BB's, as fear is among us. If we gap down to 2900, election results will no longer be viewed as a deterrent to buy. I personally think this market would never have fallen below 3000 this year, if the election results were behind us. If we do gap down to 2900, there will be an onslaught of positive comments concerning the market. It will be all positive and no negatives in sight, at least until January, which is another story in itself. KM