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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (5445)	2/27/2001 6:05:10 PM
From: Bocor	Respond to of 6445

NEWP--Standard & Poor's Announces Changes in S&P Indices NEW YORK, Feb. 27 /PRNewswire/ -- Standard & Poor's will make the following changes in the S&P 500 and S&P MidCap 400 Indices: * S&P MidCap 400 component Cintas Corporation (Nasdaq: CTAS - news) will replace Summit Bancorp (NYSE: SUB - news) in the S&P 500 Index after the close of trading on Wednesday, February 28, 2001. S&P 500 component FleetBoston Financial Corp. (NYSE: FBF - news) is acquiring Summit Bancorp in a transaction anticipated to close on that date. Newport Corporation (Nasdaq: NEWP - news) will replace Cintas Corporation in the S&P MidCap 400 Index.

To: Jenna who wrote (5445)	2/27/2001 8:44:43 PM
From: Dave Gore	Read Replies (4) \| Respond to of 6445

Jenna, you may be missing my point. I don't think shorters are causing anything and you're right, most don't short or can't, especially if they are trading from their IRA accounts. What I am saying is that we have now bought into the idea of quick money along with the idea that trading is very dangerous. Just who benefits when we trade more? Hmmmm.... The main point though is this....By going flat at the end of the day, we have created a Market where daytraders are controlling price actions more than before. It is less likely for things like follow through buying or selling to occur or momentum to build. I am not placing blame, just espousing a theory that I believe could be one cause of why this downturn has been so severe. I believe the game has changed and those that adapt to it are smart, but I am still sorry to see the game change, nevertheless. Of course you are right, there are certainly other bigger reason for stocks to fall like major block selling, but the above does not help create upside momentum, imo.