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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks

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To: Technopeasant who wrote (644)9/14/2001 12:31:38 PM
From: Vitalsigns  Read Replies (1) of 2773
 
Many interlisted stocks down 20% from close in US markets. What are the chances of the NAZ opening on Monday down 20%? Most of the world's financial markets are lined
up to prevent just that from happening


There are alot of imbalances between Interlisted US stocks, in Japan, Europe and Canada, with US stock closes still, like you say , about 20% above their current foreign trading prices. Monday should see a quick adjustment downwards to catch all or part of the move so far. I do expect the indexes to be down a minimum of 5% at the open and probably more before the first hour is up. From there , who knows, maybe the PPT and all the stock buy back announcements will have kicked in one of the biggest rallies in US history, or maybe margin calls and stop loss selling overtakes the buyers through critical support levels and the exchange is halted. Whatever happens Monday will be unexpected and historical IMO.
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