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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (45943)	7/17/2002 9:56:51 AM
From: Perspective	Respond to of 209892

Wouldn't it be absolutely perverse if - after training us so many times that gaps down on bad INTC news should be bought hard - that the market players all figured out that they should just buy the open on bad INTC news. Then, we'd get a gap 'n crap - just the reverse of what has happened so many times in the past couple of years. A "negative" event becomes so anticipated that you get a response you'd usually associate with a positive news story that gets sold. So, in reverse-reverse psychology, the market would actually <gulp> go down on bad news again! And people wonder why the markets fascinate me so... BC