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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Stephen who wrote (15094)5/27/1999 1:20:00 PM
From: HairBall  Respond to of 99985
 
Stephen: so I am not sure if you are inferring that the market makers decided to take the market down ... and put out the rumor to justify it ???

Not the NASDAQ Market Makers, but yes...there is always a reasons, excuses or justifications…before, during or after the fact. And, let us not forget the double whammy…the digested event that first drives the Market one direction only to catapult it back in the other direction, after “the Market” digests the news, event…etc!!!!

I expected this follow up descent. The bounce yesterday was weaker than expected. I suspect volatility may pick up with bottom picking.

Regards,
LG