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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (8977)	6/16/2000 4:33:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Wayne, <I've also noticed that they'll throw in an upbid when the indexes reverse to the downside and throw in a downbid when the indexes reverse to the upside to catch people that don't follow the indexes> You're mentioning something I see all the time as well. Just when TICK breaks lower and/or there's an ugly expansion bar on the S&P or Naz Comp, the stock I'm watching starts a fakeout rally. After a minute or two, it finally reverses and follows the market. My interpretation has always been that the move catches a lot of players off guard and they clean out the volume as quick as they can or goose the rally to get a little better shorting price. It's a great way for us little folk to get short as well. Alan