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Strategies & Market Trends : Waiting for the big Kahuna

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To: Skeet Shipman who wrote (40362)6/1/1999 7:04:00 AM
From: William H Huebl  Read Replies (1) of 94695
 
Skeet,

Top Ten Responses to a 500 Point Sell-off

1. It was a result of traders' squaring their positions.
2. This is a normal correction in a healthy bull market.
3. We were expecting a worse sell-off, we were lucky on this one.
4. Wait a few days and we will see the market back to it's old levels.
5. Greenspan will HAVE to lower rates NOW.
6. It was a result of triple witching expiration of options and futures.
7. The conjunction of Jupiter and Mars has ughly market implications.
8. We are in a 5th wave down situation which soon will reverse.
9. Market rotation frequently results in strong sell-offs.
10. Irrationational exhuberance is the pits!

Bill
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