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Pastimes : Richard Ney and the Wall Street Gang -- Ignore unavailable to you. Want to Upgrade?


To: ccryder who wrote (66)12/19/1997 5:04:00 PM
From: BenYeung  Read Replies (1) | Respond to of 492
 
From todays action, which the Indexes went down in the first 2 hours, then slowly rally up until the close, can show that the specialists are selling short during the rally (which gave investors a lot of time to buy). Further decline is expected.

The people who does not full understand Ney's Theory (including most investors plus even some people in JBIL thread who have been following my posts for a while), will take this rally as the beginning of the uptrend. Rather, its the exact opposite.

You can exactly right on that specialists are highlight the "losers" to bring the whole market down with it. COMS and MMM are some of the bignames that were used. By the way, have you seen T moving up in the last few weeks despite the general market? The dog of the Dow is coming back uh?

I really wished that the accumlation will be done by Jan as I am pretty sick of not making any money. In anyways, good luck with you.