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To: Mark Fowler who wrote (59176)5/29/1999 2:29:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
<this was much more buying going on,
not just the pros. jumping in then off by 4 pm. >

My view exactly. Volume was actually good for a pre-holiday Friday (652k NYSE and 684k NAZ as I recall). Last Wed-Fri certainly look like a precursor to the customary pre-earnings runup. But it is hard for me to imagine the inets testing their highs before the 6/29 FOMC meeting. However, if rates remain unchanged, as I expect, that could propel the inets and the market in early July. We shall see. Rob



To: Mark Fowler who wrote (59176)5/30/1999 12:16:00 PM
From: fedhead  Read Replies (1) | Respond to of 164684
 
I would say a lot of it was short covering. I hope I am wrong
but I think we might go down again next week.

Anindo



To: Mark Fowler who wrote (59176)5/31/1999 12:46:00 PM
From: LTK007  Read Replies (1) | Respond to of 164684
 
Mark I concur with others that the late day pop was shorts closing their positions due to a 3-day weekend--this was in very low volume environment,so the covering caused a significant pop.That's my opinion.Max90


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