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

To: Dealer who wrote (38036)	6/21/2001 8:10:50 AM
From: Dealer	Respond to of 65232

NASDAQ Composite and OEX (S&P 100) Yesterday, I indicated that we were "at a lower trendline, and watching for a reaction rally at the Open. The OEX has consolidated and is showing us a very clear support line at 625. We will be watching that line for break or bounce as well." Today, we rallied from the lower boundaries on both indexes, back into the zone. Now, we are sitting in the middle of the ranges and watching 2,020 on the NASDAQ and 635 on the OEX as critical "fulcrum" levels. * Ed Downs Fulcrums: A fulcrum is essentially a "line in the sand" or "demilitarized zone" in the battle between bulls and bears. These lines, identified by experience, are equilibrium points between buyers and sellers, and are usually found in the centers of consolidations (trading ranges). When price moves away from a fulcrum, it usually moves quickly and a great distance.

To: Dealer who wrote (38036)	6/21/2001 8:27:06 AM
From: stockman_scott	Respond to of 65232

Stock funds rake in $20 billion in May NEW YORK (CBS.MW) - Despite a very marginal performance by stock mutual funds in May, investors bravely ponied up nearly $20 billion in new investments over the month, fund analyst Strategic Insight said Wednesday. In an industry where flow usually follows performance, inflows remained fairly constant even as the Nasdaq fell 0.2 percent and the S&P 500 added added just 0.5 percent over the month - though those numbers might be a little deceiving. Investors were obviously bolstered by what appeared to be a market on the mend, as the Nasdaq ($COMPQ: news, msgs, alerts) sailed to a 9.3 percent gain in the month before falling back in the final week. Ditto for the venerable S&P ($SPX: news, msgs, alerts) , up 5.1 percent in the third week before its subsequent decline.