Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (28493)	10/15/2000 11:08:00 PM
From: Ilaine	Respond to of 436258

Hang Seng, Nikkei, Kospi kicking ass, fellas. -eom-

To: Ilaine who wrote (28493)	10/15/2000 11:34:25 PM
From: GraceZ	Respond to of 436258

but from an absence of selling? No, though it starts out that way. What happens is something external happens that signals a change in direction. On Friday it was that the PPI came out,it was bad as expected, caused a dip in the futures, some selling overseas right away but if you go back and look at the intraday on Hong Kong you will see that it immediately jumped back up and so did the futures. When a bad event fails to produce more selling it signals a change in direction. Remember that selling has been going on for days, weeks, everyone is booked to sell above there are no more stop loss sell orders booked below. A little buying goes up through the booked orders to sell because there are no market orders to sell yet. As price advances buyers jump on (stop losses for short sellers kick in) and orders above are pulled and placed higher. Short sellers put their orders up and away hoping someone will pick them off. The whole crazy frenzy starts up again. All it takes is a nudge from a temporary oversold situation when everybody is looking for a bottom. As was pointed out earlier, the money flow was negative. So prices rose on selling.....now wrap your mind around that one. <VBG>