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According to the talking heads on CNBC, the market was paying attention to
the South American markets which hit their trading halts and -10% for the
day. The comeback was initiated by a large buyer coming in to buy selective
large caps. The was a comeback in the last half hour like this about 2 or 3
weeks ago. The next day they said one of the brokerages came in with $50 to
$100 million. They're trying to keep this thing afloat.
Kent
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: Omega List <>
Date: Friday, September 04, 1998 9:25 PM
Subject: Re: Observations for you
>It was an interesting drop ... seemed to just drift off and then it came
back on
>strong tick volume which was surprising for a pre-holiday Friday. Speaking
of
>observations, anyone noticed that the broker dealer index has been hacked
by
>40%?
>
>Earl
>
>-----Original Message-----
>From: Mark Brown <markbrown@xxxxxxxxxxxxx>
>To: Omega List <omega-list@xxxxxxxxxx>
>Date: Friday, September 04, 1998 3:23 PM
>Subject: Observations for you
>
>
>>If you look at the price of the SP where it closed and you look at the
1:00
>>pm reading Chicago time what do you see? The same price, the market is
>>scared and they are worried else the price at one o'clock wouldn't be the
>>same as the close. Does anyone know whats with one o'clock? US bonds
>>thats what, the market may be in for some further downside, we could
either
>>go much lower or sideways. I'm thinking and thats dangerous, ignore the
>>above. But I've seen this before.
>>
>>Mark Brown
>>
>>
>>
>
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