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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Roger A. Babb who wrote (13362)9/1/1998 10:27:00 AM
From: Market Tracker  Read Replies (3) of 18691
 
Roger and All,

It is my opinion that the Standard and Poor's Globex Futures Index which closed UP 10.60 points at 9:15 this morning EDT has been "painted". Large hedge funds may be pumping up the S&P futures index before the market opens, only to sell into the ensuing opening rally.
The market's (Dow) turnaround of better than 200 points in 25 minutes, should be a warning sign that games are being played by big money wanting to exit the market, IMO.

MT

PS - NYSE trading volume has surpassed 300 million shares in the first hour of trading.
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