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


To: RLM who wrote (8782)10/31/1997 5:24:00 PM
From: Defrocked  Read Replies (1) | Respond to of 94695
 
All due to external world events.
Like Mars or Saturn???<g> My definition for the
current world is where global capital can move
quickly. IMHO the risk period is not over yet.
BWDIK. I also thought today would be lower into
the weekend.



To: RLM who wrote (8782)10/31/1997 10:43:00 PM
From: Richard J. Byrd  Respond to of 94695
 
RLM:
I agree with your analysis. This market is going to move back up. Not in a couple of big jumps, but slowly and with some bumps along the way. To me, thursday was a sea change. The futures were limit-down in the morning and overseas news was bearish. The mkt opened down but quickly shook off the bad news and rose to the plus side mid-day. It closed somewhat down, but that ignoring of real bad news is not what a bear market does.

I've been short, but I'm going to start to bias my day trades to the plus side.

Good trading!

Dick