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Strategies & Market Trends : Analysis Class for Beginners

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To: Arthur Tang who wrote (630)	10/23/1997 2:39:00 PM
From: Arthur Tang	Read Replies (1) of 1471

Today, specialists and market makers had a field day using HongKong melt down as a reason to put fear into the hearts of investors. At the start, there was no one lined up to sell large quantities of stock. Dow went down about 20 points. Then the prices pulled back, investor started to sell. All contrieved. At the end of the day, later, the volume will not be any more than any regular day plus or minus 30%, give or take a few bucks. Fortunately, emotional and over extended investors are few and far between. Cash reserves are adequate. Mutual funds have been raising cash in Europe and the far east, which caused the crashes, anyway. So, no panic sell by "greed and fear". People with good jobs and good pay don't panic. That leaves only short seller ready to commit suicide. Walk into a contrieved panic crash, finding out later that the indexes all go up at the end of the day, for them to face margin calls in the morning.

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