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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Instock who wrote (6443)10/27/1997 7:37:00 PM
From: Sergio H  Read Replies (2) of 79270
 
Instock,
Futures for tomorrow's opening are currently down limit. Hong Kong market is not the cause for the downdraft in the market but an excuse in my opinion. Profit taking has caused fear and we need some buying to restore confidence. Greespan is scheduled to testify on Wed. He could provide some stability or put the market into a real tailspin. I think that investors will wait for Wed. to decide the market direction.

Sergio
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