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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (16974)	11/1/1998 10:36:00 AM
From: Iceberg	Read Replies (4) \| Respond to of 53068

Sue and Ron, Stock price, it seems to me, has nothing to do with it. Something happend on or about October 8th across a broad range of stocks. What I would like to know is what happened after the close on the 8th and the open of the 9th. Hundreds of stocks that I scanned bottomed on or about the 8th. The market turned on a dime on the 9th, and I'm clueless as to why. But I think whatever happened, it was independent of stock price. BTW, the fed's surprise interest rate move was exactly one week later...the 15th. So stocks turned up before that. What, all-of-a-sudden, would have caused people to start buying on the 9th of October? Ice