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<DIV><FONT face=Arial size=2>Need some help with a theory. Does a lot of the 
smart money now come in at night or during after hours trading, do you think? 
That seems logical because there is still a lot of money out there that does not 
choose to use these market ECNs, but I would think it is mostly retail. 
Therefore should a stock that gaps up do so because it was pushed up by 
"educated" traders. I have a gap play that works most of the time. It seems like 
stocks that gap up sell off and then continue to go up, except CMGI which I 
owned but should probably not have, is it still too early to be this bullish on 
the net?</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial>Sean</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Jul 07 13:15:43 2000
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From: "SCOTT WINSKI, APS FINANCIAL CORPOR" <WINSKI@xxxxxxxxxxxxx>
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Subject: [RT] TBONDS
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Status:   

FOR THE SIXTH TIME SINCE FIRST WEEK OF JUNE WE HAVE TESTED AND RESTED ON
76% RETRACEMENT FROM THE MOVE DOWN FROM APRIL 7TH TO MAY 5TH (99.2-92.65). NOW
TRADING 97-21....A BREAK ABOVE THIS RETRACEMENT USUALLY MEANS THAT WE WILL TRACE
100% OF THAT MOVE. IT SURE HAS BEEN A STRUGGLE TO BREAK THRU THIS LEVEL.
  ANY THOUGHTS?