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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Marlin C. Harmon who wrote (628)10/28/1997 1:54:00 AM
From: ag b.c. can  Read Replies (2) of 12617
 
Hi I used to trade New York Stock Exchange back in 1974. Now I'm trading the S+P 500. Today I Watched even thou I was warned it might be a 500 point loss. 1 contract of $500.00 was worth $35,000 if you stayed in the market all day. Getting back to stock trading I noticed that whenever you have a big market drop that the following morning the Market Makers i.e. the specialists always open the stocks down $2-3 at the open where they buy all the stock offered and rally the market up for awhile until they clear off the inventory again and let the market drop down. Be prepared for a bear market for years. Remember these people who make the market know how to manipulate it and they can borrow as much money from the Federal Reserve to do anything they want or whatever the government wants them to do. Believer this that it is not the public Joe who influences the market. The public is there so the rich can make them poor and keep working for a living. Look at the system from this viewpoint and you will always get out of your stocks after they move up. P.S Look at all the Dow Index stocks in the morning they will all open up a few dollars down from yesterdays close.
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