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

To: SirRealist who wrote (4315)	11/10/2000 10:02:42 PM
From: kha vu	Read Replies (2) \| Respond to of 8925

Market on Monday: there is no technical analysis could help us to forecast the market as long as the instability/deadlock tit-for-tat news conferences going on. On thursday, at/around 1:30 PM the news conference with the tone of pusrsuing and resolving the issue thru legal process brought the market (naz) down 128 points then it bounced back +100. Today, two news conferences, the market did NOT response immediately BUT lossed more than yesterday and never recovered. Is it part of the problem that no one wants to carry the position over the weekend under the current circumstance ? But individual stocks a/h such as CSCO recovered to +50, EMLX +146, ORCL, DELL, MSFT: thestreet.com At this low, bargain hunters on Monday probably would have a field day. At this market low, the margin calls might also trigger the selloff and could depress further the stock price. SO which direction do we have: UP then DOWN then UP or DOWN then UP then SIDEWAY or DOWN then UP ??? I have no idea at this point. Let wait till Monday or monitor the future market: cme.com