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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (34901)4/19/1999 5:41:00 PM
From: john rieck  Read Replies (1) of 120523
 
Does anyone plan to buy at the open tomorrow? Many times traders will buy into the close with the sole purpose of selling the gap up the next day. Could this have been working in reverse today? As selling continued, momentum shorting of the QQQ added misery to the panic. Has anything fundamental changed? The past 2 Octobers we hadgood reason to worry with Asian contagion fears. Now? Anyway, I will have to make a buy or wait decision by tomorrow morning, as I will not be around to trade during the day. How much does anyone think margin call pain will hinder any potential rebound?
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