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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (14933)	2/6/1999 2:23:00 PM
From: coug	Respond to of 44573

I don't know either, I am well aware it can happen though..But I do not fight the tape or have preconceived notions.. One thing about people that have traded futures.. THEY know there is TWO sides to the market and it is awful easy to be on the wrong side and get killed.. So you cut your loss immediately ... Also they know the market is as the market does... It is always right... No blame.. It wasn't manipulated.. Because nobody can muscle the SPOOs.. Well, maybe the Fed can..<ggg> Coug

To: SE who wrote (14933)	2/6/1999 4:48:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

Could be Monday afternoon..... In 1987, the 508 point drop was on a Monday after a 108 point drop on Friday.....it opened and went straight down like a rock...a big rock..... I'm really not suggesting that would happen here, but that's what happened then..... the tape was hours late, no one really knew what price anything was until after dark that evening.....and it was dark, man........ of course, Monday's low was the low for the move..... as my wife said to me that evening, "What a bargain, everything's on sale at one third off."<g> Well, that's a woman's perspective for you and I couldn't argue with her, and we bought everything in sight and chewed our nails down to the nub..... GZ