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Pastimes : Ask Mohan about the Market

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To: Jack Clarke who wrote (14851)	3/15/1998 7:44:00 PM
From: Bilow	Read Replies (1) of 18056

Regarding the market action last October. A lot of the panics in the late 20's and early 30's had that same panic down and panic up movement. In fact, I like to play rebounds (dead cat bounces), and I see it all the time. So another explanation would be that when a stock drops drastically, all the prospective buyers go to the side- lines in hopes of picking it up at the bottom. The stock then overshoots to the downside because everybody likes to get a better price, so the prospective longs wait. Then someone buys in and the market turns. On the whole, my guess is that if the Fed turned the market, we would know about it fairly soon. Don't they release their deliberations, etc.? -- Carl

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