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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: DebtBomb who wrote (93988)4/6/2000 6:28:00 PM
From: Mike Lee  Read Replies (1) of 108040
 
Dale, although Tuesday was a blood bath early, the NAS actually ended up pretty close to even. There should not be a wave of margin selling to start the slide. The highly leveraged individuals either got knocked out early Tues or are in a better position after the last two days. I think high margins will still be a problem in future slides, but margin selling should not be the cause of the next slide. The market will probably look for any excuse to begin it's next slide. This is just my view.
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