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Strategies & Market Trends : Waiting for the big Kahuna

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To: HairBall who wrote (28170)9/17/1998 11:27:00 AM
From: Philipp  Read Replies (2) of 94695
 
Hi LG:

"market digested the news" angle on the Greenspuke speech and mentioned a bunch of other negative stuff, that was there yesterday.
What has really changed in 24 hours...nothing!


I fully agree. There was nothing that needed digesting. The negative factors were pretty clear. Also, if that were true it would imply that the foreign markets are much smarter than those top-paid U.S. market analysts. Certainly looked like manipulation. So one should probably go long now for the rest of the day. They will probably try to turn today around as well once the volume drops off a bit in the early afternoon.

Regards,

Phil
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