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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: N who wrote (26163)	9/2/1998 6:32:00 AM
From: N	Respond to of 94695

end of day cbot report 9/1/98 ...The quick recovery did miracles for market sentiment and led to a self- feeding buying frenzy as buying beget more buying. The market continued to move higher throughout the afternoon before a very slight pullback at the close. The September Dow(sm) settled 385 points stronger at 7870. The session high was 7920 and the low was 7360. The cash index surged 288 points to 7827, its second biggest point gain in history. Debt futures ended mixed following a very choppy session. Credit prices were held captive by the stock market once again today. Prices raced higher during yesterday's Project A session as investors reacted to the late acceleration in the stock market's losses. Prices then moved off their highs as equity futures began trading with a firm tone. The negative tone carried over into the early part of today's pit trading as equity prices remained firm. The short-lived sell-off in stocks pushed credit prices to their session highs. However, prices moved back towards negative territory as stocks regained their footing. ------- Like yesterday, a big chunk of the stock market's activity didn't come until after the Treasury market's close. anyone. is this significant? what do it all mean, said flaky funt to mr natural ------ In forex activity, the dollar was weaker and was last quoted at 1.7540 marks and 136.69 yen.