Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Ward Nicholson who wrote (51847)	7/13/2001 4:15:54 PM
From: CharlieChina	Read Replies (4) of 62347

Looking at the NASDAQ over the past 5 years ... July 17-20, usually a Tuesday, seems to be the time for which the market goes BOOM and drops on average 18% over a very short cycle... Its called Market Markdown ....as US money mangers begin their summer vacations and will not support a market till Labour Day. Money mangers and market makets usually rally the markets for 1 or 2 weeks prior to the above date so that they can unload their positions to small weak retail investors and buy them back at much lower prices late on. However, this time it might be much more or a DROP .... Markets never go up unless the foundation is solid. And these markets foundations are showing large cracks everywhere one looks. Just a thought for the weekend ...

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