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To: Tom Kearney who wrote (3665)	12/4/2000 6:55:00 PM
From: rocklobster	Respond to of 57684

Futures are up .. wayyyyyy up ... almost lock limit... lock limit up on futures is 95 on naz. the thing that bugs be about this, and I have been watching for the last few months,.. is that everytime the futures have opened up big, we have sold off hard into the gap up.. for the last four months, big futures gaps have crapped out hard almost immediately. usually totally within an hour.. and worse than this is that when the naz has managed to overcome the initial crapping and actually rally the rallys have been usually one or two day events at most before another leg down.. My feeling all along for this week was that we would rally into wednesday and then start dropping back into next week.. I think we will make a new low in the 2100 naz range in the week before the FOMC meeting on Dec 18.. I think we will run hard up into this meeting on the long side, but I'm not sure the fed will throw us a bone and ease to a nuetral stance. With greenie talking tomorrow, I guess we may have a better idea, rok

To: Tom Kearney who wrote (3665)	12/4/2000 7:10:08 PM
From: fedhead	Read Replies (1) \| Respond to of 57684

I think this has to do with the court ruling against Gore. We need to see whether this rally is sold into. We have been told that the weakness in the NAZ was due to the uncertainity over the presidential election. Let us see if that is in fact the case. Anindo