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Pastimes : Richard Ney and the Wall Street Gang

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To: William who wrote (68)12/19/1997 6:24:00 PM
From: BenYeung  Read Replies (1) of 492
 
We have a new viewer, good stuff!!!

Let me explain what I know and what I DONT know

In the morning as today, indexes were dropped in the morning heavily so specialist/MMs can clean out the sell orders. Then they proceed higher from 11am to the close to unload those inventory and sell short to investors and insiders as well. That rally gives investors alot of time to make up their minds and place orders.

In the case of a last minute rally or decline, its purpose is to minimize investors buying/selling until the next day when the prices are higher/lower.

I will finish it up later. Gotta go.
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