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


To: Mark Nelson who wrote (8494)10/29/1997 10:36:00 PM
From: bearshark  Respond to of 94695
 
In my opinion, we saw the effects of the team in action yesterday morning. Take a look at the charts at the opening. From 9:30 AM to 11:00 AM we have a V formation.. Nearly straight down and then nearly straight up. Take a look at the DJI number where the change occurred--7,000. Remember those old war movies where everyone synchronized watches. Ok, the futures kicked in and then the buyback announcements kicked in. But before this, take a look at London just before it closed Tuesday morning.

As the article shows, the government's preparation for such an event was public information. They stabilized a very tricky situation.