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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (6501)10/29/1997 1:11:00 AM
From: IceShark  Read Replies (1) | Respond to of 18056
 
Mohan, You been smoking that wacky tabacky, again? -g-

The halts gave enough time for a lot of people to buy in to the dip and did not give enough time for the shorts to cover. The result - today's buying binge.

I don't think many people of any stripe were buying for that short half hour on Monday, or this morning. The big houses pounding the table to buy and IBM anouncement did the turn. And it sure looks like it also worked in Asia, as I type. Should be all smiles over there in the bars after work. Boy, the working gals are going to make a ton of money tonight, too. -vbg-

You know the TA can blind you, or at least cause hair to grow on your palms. -g-

Regards, Dan



To: Cynic 2005 who wrote (6501)10/29/1997 8:28:00 AM
From: Joseph G.  Read Replies (2) | Respond to of 18056
 
Mahan, I guess as Dan perceptibly points out, some statistics tend to make obvious obvious. Like that last Mo was not quite as severe as Oct 19, 87, when markets hit 52 week lows. I find, basically, that price action is nearly everything one needs, the rest tends to bring the same thing from different angles, at best.

London is not very euphoric, though.

Joe



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