Investing during a Bear Market Message Board

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Strategies & Market Trends : Investing during a Bear Market

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To: Richard J. Byrd who wrote (48)	11/9/1997 3:03:00 PM
From: Joan Osland Graffius	of 226

Richard, >>As another explanation for the 3:30 - 4:00pm pop-up, how about short covering? Many traders not wanting to carry their profitable positions over a weekend. The word on the street was a fair amount of Fridays action was program buying and selling. It is my understanding this activity occurs based in the difference between futures and cash. If this is true then the movement in futures and cash prices could have been the factors that moved the markets on Friday. Now the question could be what is moving these items. Joan

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