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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST

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To: Lee Martin who wrote (2748)7/23/1999 12:56:00 PM
From: Sir Francis Drake  Read Replies (1) of 10027
 
Lee - the two opposing forces will be shorters closing positions, plus perhaps a few buyers, and on the other side, sellers (disappointed, and the frightened), and trades who are selling long positions.

Who will win? I think as NITE is moving from weak to neutral, that will be more determined by the overall market - if the market is negative, some shorts will *not* close their positions, meanwhile the selling will accelerate from the long traders and frightened/disappointed longs.

Unfortunately, at this point the trading today will not mean much from a TA pov, because it is too dominated by very short term daytraders (who matter very little from a TA pov).

Morgan
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