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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (18654)	12/3/1998 6:05:00 PM
From: Steve Yuan	Read Replies (2) \| Respond to of 69291

Oh, sure, just a little jolt. :-) We used to have a big run-up in the last thirty minutes and then gap up the next day morning. Now it is our turn to get big sell-offs in the last half hour and probably will get a gap down tomorrow morning. Though the correction is long overdue, I guess the market probably overreacts to Brazil's situation. If we really get a gap down tomorrow morning, we could see some emotional or margin-call selling. Do you think it is worth bargain hunting? On the other hand, the selling this week could culminate on next Monday to refresh our memory of black Monday. Can this really happen? The market is really interesting. Yesterday without any good news and with many bad news, such as those from Boeing and Sears, the market simply refused to go down big. I was thinking, hey, this market was strong. Today with so many good news, the market just wants to go down. Maybe the market is disappointed by its own reaction to the positive news.