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

To: Dealer who wrote (38237)	6/26/2001 8:50:12 PM
From: Dealer	Respond to of 65232

From: ajtj99 Tuesday, Jun 26, 2001 6:27 PM It is getting difficult to get a decent read on what is happening in the market right now. Logic says we should go down, but the market is going up. Logic doesn't always win. If we are going down hard, and we many times do immediately after a Fed meeting, it would be advantageous for the MM's to sell as many marked up shares as they can before the big plunge, since they'll be buying those back again soon. I'm not saying this is a conspiracy, but today was a repeat of the rally into the Fed meeting thing. We may have it again tomorrow morning, and it would be just too darn convenient to get to 2078 and stall again. That would allow us to drop unimpeded like a rock to 1973. I haven't looked yet, but we've got to be getting close to neutral on the stochastics after the past couple of days. That also is condusive to a nice 3-4 day drop. 2078, 1973, 1940, and 1660 1482-1515 (NDX) key numbers.