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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: janski who wrote (18062)	5/21/2002 10:02:21 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

"responding" LOL. It will never cease to amaze me that some mornings our market gaps up on the fact the that there's been a little short covering in Asia or Europe overnight. I've watched it happen, I know exactly what times it does. There are sudden flurries of trades when sometimes there is no activity at all. Sometimes 8 contracts will trade in a hour, but due to liquidity, if there are only 8 contracts on the ask, and they are all 1/4 pt apart, the futures can actually move up 2 pts on 8 contracts. It's take it or leave it, no liquidity at all. Even funnier is when a stop level is triggered, and a tumble of orders hits, sometimes moving 4 or 5 pts until it settles back down and someone jumps in to take advantage of a premium or discount either way. Like Sunday night, when there was almost a 15 or 20 point swing within 5 minutes of their open. It's pretty comical when you think about how these small amount of trades affect the open so heavily, with these gap and craps that some people can lose their ass before 9:45 because of one of these ramp jobs based on the fact the a few guys covered a few hundred contracts in Belgium overnight <G> 10 or 20 times in the past few months, Japan has ramped on the hopes of OUR recovery, which is quite a chuckle. Glad to see they have started hoping for their own!

To: janski who wrote (18062)	5/22/2002 11:12:54 AM
From: Challo Jeregy	Respond to of 26752

Reading this headlines really makes me wish for a real bad and ugly crash <ng> I know, janski - I really wish the market would return to normal. You know, where there is no cnbc, financial data on every station. nbc, cbs, abc only report the major index numbers at night, without the additional commentary- The Dow SOARS on good news. The Nasdaq PLUMMETS on . . . (down 20). -ggggggggggggggg No more ads for Janus, MER, TD Waterhouse (pleaseeeee) on every station from morning to night. Subliminal messages everywhere - that if one is not in the market, they won't become wealthy beyond their dreams and will grow old, in the poor house. Well, enough of that, I guess. VBG