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To: Rational who wrote (5802)1/7/1998 10:45:00 AM
From: IKM  Read Replies (2) | Respond to of 27307
 
OT a bit. I believe I've been seeing several head fakes in this stock this week, if my understanding of the term is correct. I.e., sudden buying on enough volume to spike the price higher, then dumping of shares at a higher plateau in much greater volume as trend watchers jump in. Shortly thereafter the price resumes its decline through lack of support, and the buyers realize they've been had. Forming, of course, a nice little head in the chart. Comment?



To: Rational who wrote (5802)1/7/1998 10:45:00 AM
From: Rational  Respond to of 27307
 
yen/US$ UP ~2%. This is a BIG move.

Wednesday January 7, 10:09 am Eastern Time

U.S. Treasuries little moved by strong homesales

*U.S. Treasuries were little moved by home sales data. *U.S. home sales strongest since April of 1986. *Traders say dollar
fears, Asian crises dominate market. *Dollar steadies ahead of Japan-U.S. officials meeting. *Market still digesting heavy
corporate supply, more due.


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