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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: TATRADER who wrote (2486)10/30/1997 3:17:00 PM
From: VALUESPEC  Read Replies (1) | Respond to of 7396
 
I am almost all cash. This market is too crazy. I'm going to wait until I'm sure the financial structures of the world are holding up (sounds dramatic doesn't it?). What we don't know yet could cause this market to crash much worse then it has so far.

I don't want to end the day with a very large position in anything. For the most part, all I own is 1,000 shares in ISTN which is still going up today. I may even sell that.

The dow is now down about 65 pts. I think the following is too close to being possible, or something similar:

Dow down about 200
Foreign market do terrible tonight
That cuases a big selloff in the dow as no one wants to hold until the foreign markets open on Monday.

Tomorrow will be called black friday.