Idea Of The Day Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IQBAL LATIF who wrote (6096)	8/14/1997 12:21:00 PM
From: Kevin	of 50167

Hi Ike, how are you? SPX broke through my 930 target early on, but disappointed me after it sold back off. It seems the Dow wasn't ready to attack 8000 yet. I'm surprised we haven't seen more strength today. Eco numbers were good (just like yesterday) and the bond yield has now dropped to 6.558% That's almost 9 points lower than approx 2:00 yesterday when it began to decline. Currency is up good against the yen and d-mark today. Basically I can't find a reason for the market NOT to rally excpet the fact that sentiment may be changing. Watching money flow on the NASD, DOW, and SPX it appears it is the non-blocks selling while the block trades are still buying. This leads me to believe that ultimately we will head higher soon, and that the pressure is coming from the 'little guys' who are panicking a bit because of the recent uneasiness in the market. Care to share your thoughts on the matter? BTW, I left a post here this morning about program trading. I cut and pasted from some of my old posts. Hopefully it made sense and wasn't too technical for some to understand. Take a look at this when you have extra time. Take care. Kevin

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next