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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Bonnie Bear who wrote (12925)1/10/1998 2:29:00 PM
From: tekgk  Read Replies (1) | Respond to of 18056
 
My scenario has a bounce early in the week as a result of big effort by the plunge protection team. I think that you may be correct about the fear factor but I think that it won't kick in until later in the week or early the following week. GZ's outside reversal, and the Gann trend lines predict similar scenarios. My covering trade late Friday could end up looking real dumb if the down trend continues and I miss the best part of the wave. As always - your mileage may vary. Thanks for the STT tip!!!!



To: Bonnie Bear who wrote (12925)1/11/1998 8:43:00 PM
From: tekgk  Read Replies (1) | Respond to of 18056
 
Bonnie,

Nice bounce in the futures around 8:00 pm EST - while Asia is almost solid red - plunge protection team hard at work with newly minted electronic dollars? It's drifting back down now but I have noticed that around 8:00 PM EST and 5AM EST on ugly looking days we get a nice bounce from someone with deep pockets. Sometimes I wonder if I am just turning into a paranoid old bear.



To: Bonnie Bear who wrote (12925)1/11/1998 8:50:00 PM
From: tekgk  Read Replies (1) | Respond to of 18056
 
Whoever pumped the S&P futures at 8 just lost their shirt - No problem it's just an electronic entry -g-