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Technology Stocks : Stock Swap
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To: ViperChick Secret Agent 006.9 who wrote (9952)12/2/1997 11:29:00 AM
From: Patrick Slevin   of 17305
 
No, not exactly. I and many others believe the futures lead the cash and I gave a reason why in that post concerning PREM.

When I say it is not necessarily predominant thinking I mean that most people trade without a full concept of the realities of the market.

An example was that many people believe they should average down on losing positions. This thinking is most likely predominant. Is it correct thinking? Absolutely not.
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