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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Vitas who wrote (37877)7/12/2002 2:49:04 PM
From: bearshark  Read Replies (1) of 52237
 
Vitas:

These markets are showing the effects of program trades without individual traders soaking up the action and acting as a buffer in the market. As a result, they can turn on a dime in either direction. Take a look at the effect of the programs on the INDU this morning.

finance.yahoo.com^DJI&d=c&k=c1&a=v&p=s&t=1d&l=on&z=l&q=l

I would not be surprised to see this resolved with a 10 percent or more move in the INDU on an intraday basis. This is similar to the same tape I read in the mid 80s.
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