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


To: donald sew who wrote (29560)9/30/1998 6:06:00 PM
From: yard_man  Respond to of 94695
 
As I was discussing with some others -- the S&P turned and continued to decline with the tick positive for a while. I agree: Not good.



To: donald sew who wrote (29560)9/30/1998 8:20:00 PM
From: Ilaine  Read Replies (1) | Respond to of 94695
 
>>>>At about 3:45 the tick was about positive 100 while the DOW was down 255. They did try to run it up at the close but failed miserably. After 3:45 they ran the TICK up to around 900 - that was a big BUY PROGRAM to move the TICK from 100 to 900 in about 10 minutes. However the DOW still closed down 237, so that 800 point upswing in the TICK produced 17 point positive move in the DOW. Thats not a good sign for the upcoming days.

I think they will try to rebound this market some tomorrow, and as long as todays highs at 8080 hold, this downswing will still probably continue<<<<<<

Please, have mercy on a neo,

1) Who is (are?) the "they?" that are trying to do these things?

2) How do they move the tick, and why?

Thanks in advance,

CobaltBlue



To: donald sew who wrote (29560)10/1/1998 6:41:00 AM
From: GROUND ZERO™  Respond to of 94695
 
Donald,

I saw that weak action also. There was too much selling to hold anything and I agree that bodes negatively for the next few days. I'm even suspect about 7400 holding, but we'll see. 7000 may be the next support area. If 7000 is touched, my guess is that it would be in the morning on a big spike down, then the reversal would occur. This spike could occur near 7400 also. It remains to be seen. The key reversal at 7400 ought to hold.

Have a good one.

GZ