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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (37922)6/15/2001 5:14:31 PM
From: Sully-  Respond to of 65232
 
From: Les Horowitz Friday, Jun 15, 2001 11:51 AM

Last three triple-witches bottomed by the following Wednesday (twice) or Thursday. This decline contrasts with last July's pullback in that the DJIA and NYSE are participating in this decline. One of those three post-expiration Mondays had a huge snapback one-day rally. Today, the S&P 500 came within shouting distance of 1200 and the 50% retracement. NWX (Networkers) bounced off of the April 4 low. XTC (Telecoms) is within 2% of the low. Looks like very large volume came into the QQQ's once the 30-minute indicators crossed over. Now, they've started taking it back down on that crowd.

Ö¿Ö



To: Sully- who wrote (37922)6/15/2001 6:01:19 PM
From: Mannie  Read Replies (2) | Respond to of 65232
 
I believe Oracle reports on Monday after the close, that will probably have a lot to say about what the NAZ does next week.

have a good weekend Timster. Scott


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