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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: MtnMan who wrote (27447)10/30/1997 10:56:00 AM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Neal,

Right now the DOW is only down 40 points and the Nasdaq down only 17 which is close to a half of its earlier lows of around 32 points down.

I am almost now positive that the MM's were attempting to manipulate the market down again, because they missed the recent run up.

I am so happy the MM'S are getting frustrated. In the long run they may still win out with their rumor spreading/intentional shorting. Keep in mind some already did some intentional shorting and they are now losing.

I am staying with my contrarian point of view that technically we are getting back to normal and that there is no need to see the lows again prior to returning to normal.

As I close this note the DOW is now only down 10 and the Nasdaq down 12.79, both showing technical strength - good for those who attempted to manipulate the market and hurt the small investor. Of course I know that they can still win.

Seeya