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

To: Gersh Avery who wrote (31439)10/13/1998 1:33:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
Gersh; What's supporting the S&P today is the big cap "non tech"
Ge, xon, pfe, mrk, bac are all up, but they are "not" up on big volume, and they balance the S&P index while msft, csco , wcom , intc,dell are all off on very heavy volume.
This is funds selling raising cash but trying not to crash the index
and cause a panic, so while the S&P looks to be holding it's own,
the selling is on volume , the buying is not, but the index itself
don't show that.
It's more negative than it looks.
Jim



To: Gersh Avery who wrote (31439)10/13/1998 5:03:00 PM
From: James F. Hopkins  Respond to of 94695
 
Gersh; Part two..one of the ones that helped the S&P to not fall
hard today was PFE, well guess what she just got slammed after the
bell for a $5 drop. MRK also took a late hit.
I smell something rotten with the MTC/AHP deal, insiders sold
during the run up, and before the public was told the deal was off,
it don't surprise me about MTC, as I saw some other shabby
stuff they pulled in the past.
Jim



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