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

To: Rande Is who wrote (48941)	3/12/2001 5:07:29 PM
From: Condor	Read Replies (1) \| Respond to of 57584

Thompson I-Watch just now: +++++++++++++++++++++++++++++++++++++++++++++++ * Losses continued to mount as the session progressed, with the major indices ending near session lows. The NASDAQ Composite chalked up a 6.3% loss to end at 1,923. The tech index sliced through the 2,000 level in the process of dropping to its lowest level since December of 1998. Oracle (ORCL), Cisco Systems (CSCO), Qualcom (QCOM), JDS Uniphase (JDSU), Nextel (NXTL), and EMC (EMC) all hit 52-week lows. The Dow Jones Industrial Average slumped 4.1% to 10,208, as all 30 Dow components closed in negative territory. Market internals were atrocious, with 31 NASDAQ stocks falling for every 7 that advanced, while down volume beat up volume by a 20:1 margin. On the NYSE, 7 issues gained ground for every 24 stocks that fell and down volume beat up volume by an 11:1 margin. Earnings fears remain the predominant concern. According to First Call/Thomson Financial "the pace of earnings pre-announcements has accelerated into a full gallop," adding that "pre-announcements are running 57% ahead of the record setting pace of 4Q00. Warnings from the tech sector are 112% ahead." * Institutional Money Flows: In the large cap tech arena, EMC lost $4.10 to $30.25, AOL slid $3.60 to $39.27, IBM eased $3.80 to $3.80 to $95.49, MSFT toppled $4 3/4 to $51 5/16, QCOM shed $3 7/8 to $48 1/16. Citing mounting evidence that the US economic slowdown has spread to Europe and Asia, Salomon Smith Barney reduced earnings estimates and price targets on a number of fiber optic issues, pressuring the group. JDSU plunged $3 1/8 to $22 7/8, GLW gave up $3.58 to $23.43, CIEN declined $$11 13/16 to $53 5/16, and EXTR slid $2.41 to $16.40.

To: Rande Is who wrote (48941)	3/12/2001 5:09:48 PM
From: Smart_Money	Respond to of 57584

Investors?....not in the Stock Market, we have been in gambling mode for months.

To: Rande Is who wrote (48941)	3/12/2001 5:29:02 PM
From: Joe Smith	Respond to of 57584

The TRIN e-analytics.com equis.com quotes.optionetics.com

To: Rande Is who wrote (48941)	3/12/2001 6:21:43 PM
From: velociraptor_	Respond to of 57584

But the VIX has reached these levels several times recently and yet the markets still go down. I believe the VIX also reached over 100 intraday during the 1987 crash. Personally, it's just one indicator and there's a whole lot more to look at.