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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (11952)	1/4/2000 6:14:00 PM
From: Carolyn	Read Replies (2) \| Respond to of 63513

Me too. But a dose of Gloop's medicine helps it go down. Had only four green stocks today.

To: Jorj X Mckie who wrote (11952)	1/4/2000 6:31:00 PM
From: Lost1	Respond to of 63513

Margin calls could initiate selling at the open. Stolen from another thread... From markethistory.com Tue 01/04/2000 8:49 AM - SPUs: Big Gaps Lower After a 1% Fall in the Dow By William B. Noble FACT: On 1/3/00, the Dow Industrials declined 1%. The next morning on 1/4, the S&P futures contract gapped down 1% on the open. Q: What happens when when S&P futures gap down 1% on the open on the day after a 1% decline in the Dow Industrials? A: We have seen this action on 17 different occasions since 1982, on the day of that the S&P gaps lower, the contract declines over 4.25% on average during the day trading. ('87 crash included in the occurrence list). At the closing bell, we found the S&P futures contract had declined about 4% on average in 70% of the occurrences. (FYI, That means that in 30% of the cases, the S&P contract managed to close up after gapping down 1%) After the bloody 1-day mess, the S&P contract has turned around and recouped all the losses and then some over the next 4 days by rallying almost 5% on average - 76% of the time.