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Strategies & Market Trends : Rande Is . . . HOME

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To: Gary Wisdom who wrote (24032)4/26/2000 2:38:00 PM
From: Rande Is  Read Replies (2) of 57584
 
Well it is now 2:30 on the 4th day after last week's massive drop.. . .this is the traditional point where brokerages liquidate accounts that default on margin calls issued last week. . . [though they will move the liquidation time forward when the markets REALLY dump hard. . .a practice that will soon come under fire by the SEC]

Currently all major indices are at their low of the day. I expect it to get worse over the next 30 minutes. . . then turn and run north once more. . . also expecting the Nasdaq COMPX to close in the green. . . currently down 41. . .and the Naz 100 is down 65. . . while Dow is down 185. Dow will lead Naz north, IMO.

Message 13427014

Check your oxygen supplies everyone.

Rande Is
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