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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (67060)	10/28/2003 12:21:04 PM
From: Real Man	Respond to of 94695

Who knows. It's just an observation. I don't think the market is stable, since gaps appear pretty much all over the place. BWDIK? Maybe, it's a new thing for this market, which makes it stable, I don't know. It could also be that someone big is buying or selling futures in the morning, to provide themselves a better entry, whatever way. This would screw the traders big time. It could also be distribution - you buy futures in the morning in order to dump stocks into the rally. Then you wind up with a futures position. This position is a lot more liquid. That would be very bad for the market, since it will crash as this futures long position gets dumped. Unless, of course, it's the Fed who bought it...