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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (13872)	9/16/2001 9:55:29 PM
From: RockyBalboa	Respond to of 19633

Tom, I sincerely hoped that the japanese market holds up a bit after last week's carnage and bad GDP news are out and but not even that worked out. Sector funds' managers (which are usually quick in adjusting their porfolios across regions) should do what they believe to need to do tomorrow. ... I'm not in a good mood now,

To: Tom Hua who wrote (13872)	9/16/2001 11:36:58 PM
From: Druss	Read Replies (1) \| Respond to of 19633

Tom--Something I have not seen mentioned is the actions of overseas stockholders in the market. They are not going to rally around America for patriotic reasons. They may be significant sellers. All the Best Druss

To: Tom Hua who wrote (13872)	9/17/2001 7:06:26 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 19633

I fear we were a bit optimistic yday, rumours of Continental Airlines filing Ch.11 weighing airliners. Monday September 17, 6:22 am Eastern Time Europe braces for Dow fall of up to 10 pct at reopen LONDON, Sept 17 (Reuters) - Europe braced on Monday for a loss of as much as 10 percent on Wall Street when New York stock markets open for the first time since last Tuesday's terror attacks. ``Down 10 percent is a good call,'' said the head of equity derivatives at a leading U.S. investment bank. ``Then we'll see the non-airline, non-leisure, non-insurance stocks in a mini-rally, and we're expecting the market to close about five percent down today.'' European markets have fallen 10 percent since the attacks. Duesseldorf brokerage Lang and Schwarz quoted the Dow opening at 8,780, down about 1,000 points or nearly nine percent lower in a calculation based on its own over-the-counter market in U.S. shares. Financial bookmakers in London were predicting the Dow Jones industrial average will open 350 to 450 points lower, or down 3.6-4.7 percent to 9,150-9,250 points, compared with its 9,605 last Monday close. IG Index quoted the Dow down 410 points at about 9,195. IG said this was based on the fall in global equities markets since the terror attacks and on its own order flow. The Dow was indicated as low as 9,060 points last week, IG said. IG quoted the S&P 500 index September futures contract down 60 points, or 5.5 percent, from its last trade of 1,095.