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Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?

To: James Wright who wrote (3569)	8/31/1998 9:34:00 PM
From: Bruce A. Brotnov	Respond to of 4142

Jim, nice going on your shorts. As far as action tomorrow it could take a 200 pt drop in the morning and bounce back like it did on 28 Oct following 200 pt drop. I was buying the next day at 1000 am. I think the problem is probably deeper this year, but we are also badly over sold and due a bounce sooner or later. Big sell off in Oct 87 was also the low, however, I lost more the following Monday than the day of the big drop. I listened to all the experts say it was going from 1700s to 1000, so I panicked and sold. Ouch! My brother-in-law held and was even again by December. It should be an interesting week. I played CMVT wrong, bought some at open, scrambled to sell (should have sold short as it went down 8 for day <G>) Bruce