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To: Jeffrey S. Mitchell who wrote (15341)8/21/1998 1:42:00 PM
From: Patrick Slevin  Respond to of 17305
 
Heh, I did not do so well on the front that day myself. Had a 37 on the back yesterday though. Been a few years since I could do that.

My opinion is that with some small rallies the market has a lot of downside. These rallies will be sold....it's just an effect (amongst other things) of specialists re-filling their books then whammo. Hit it again.

I almost feel like just putting in a stop much higher than the market and lowering each each morning. Monday should be especially bad unless there is quite a bit of positive news over the weekend.....even so, the news may be sold into after a brief rally for a half hour or so.

Just a WAG but that's the way to bet, methinks.