SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Dealer who wrote (35528)4/8/2001 9:36:14 PM
From: Dealer  Read Replies (1) | Respond to of 65232
 
From Raging Bull: Slumming!! Food for thought! dealie

By: abcc1233 $$$$
Reply To: None Saturday, 7 Apr 2001 at 6:46 PM EDT
Post # of 2492


ALL

Citibank, JP Morgan, and IBM should be under heavy pressure Monday for various DIRECT reasons. MSFT and INTC will be under pressure indirectly from any weakness in IBM and Tech caused by a CSCO or major warning. This will place 5 DOW components potentially under heavy pressure, with little positive news to counteract this.

Here is the kicker! DO NOT BE FOOLED BY ANY STRENGTH IN THE MORNING!!!! This will just be related to short covering ahead of a phantom greenie cut around mid day. If there is no rate cut by 1PM, I believe the sellers and hedge funds attack the market like a pack of wild dogs.

There will be no rate cut Monday, its not going to happen, use any Monday morning strength to establish put positions, and give it more than 20 minutes to come unglued