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


To: Bonnie Bear who wrote (23210)8/4/1998 5:58:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 94695
 
Hi Bonnie; Buyers Beat them down ! <G> Well market went oversold
late today ( short term ) so it should have a bounce in the
morning.

-----------------
I wish I knew if people were pulling out of Mutual funds today,
or riding it out. I Got to make a call.
BTW that late sell off, was more in the BIG CAPS, than the
Small, computer selling ..I have noticed that when sell programs
kick in they don't hit the R2000, the SPX & OEX drops like an
elivator, then latter the R2000 reacts ..
I wish there was a web for the R2000, like the SPY, MDY, & DIA
man the way it gets dragged around you could jump all over it.
In as much as it didn't fall as hard late in the day, as the
others it could take it on the chin in the morning.
But if the others bounce that may save it's butt.
Is there an option on the R2000 ?
Jim



To: Bonnie Bear who wrote (23210)8/4/1998 6:07:00 PM
From: Peter Singleton  Read Replies (1) | Respond to of 94695
 
Bonnie,

you said

<<
Jim: buyers beat down the microcaps mercilessly all day- last trades are
10,000+ block trades ABOVE bid-ask.>>

I follow your posts with great interest, but this one was a little too terse for me. Could you expand on what you said, give examples, and say what you think was happening? TIA.

Peter