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


To: GREENLAW4-7 who wrote (45823)1/18/2001 6:50:28 PM
From: Johnny_Blaze_420  Respond to of 57584
 
I agree greenlaw, but I'm not going to fight the tide if it is strong tomorrow.

market is pricing another 50pt cut, I think we get a 1/4. A stage 3 power alert is not good, and bankruptcy is worse, but california has money to keep edison and pg&e from not filing chapter 11. Fuel cells will sink the fastest once the news comes that edison and pg&e are not going bankrupt. Most have products which are not funtional or available right now. only a handful have profits.

At a minimum I expect a pull-back to 2750 at some point tomorrow. Also, tomorrow is options expiration. Not sure if it is triple witching although I think it happens jan, april, jul and oct. Most will take profits before the weekend although I am unsure if shorts will initiate positions before the weekend.

Best to be careful on both ends tomorrow.

jb