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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: DD™ who wrote (7232)8/28/1998 8:23:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 42834
 
Will the buyers return?

Two hours ago S&P futures were off about 11 points. Recently they are up about 3.5 points. (Granted that is only a crude indicator & probably means more just before our markets open)

However, European markets opened way down - but buyers are now appearing moving the indexes off their opening lows.

Brief analysis of yesterday's selling was that it was done by the big guys. Could include programmed selling due to stops.

Will the small investors, with of course some help from the big guys, come out buying today & cause a bounce back?

We shall see........