Richard Ney and the Wall Street Gang Message Board

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Pastimes : Richard Ney and the Wall Street Gang

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To: REvaluer@AOL.com who wrote (360)	7/27/1998 2:45:00 PM
From: BenYeung	Read Replies (1) of 492

Whoa! Dramatic reversal this morning. Nasdaq was down more than 40 points or 2% by the end of the first trading hour. Volume was average, at about 200 Million. At first, I thought its a re-run of Oct 27, 1997. But I saw a slight reversal point at around 11:00am East Coast Time. Few hours later, it was clear and confirmed that S/MMs were rallying to unload after penetrated to the lower prices to clean out. The question is, how low are they expecting to go down?

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