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Secretary Rubin was not talking to here himself talk at that time and yes
many are worried about a total melt down. He scared the shorts and the
floor reversed and brought in the buyers, killer rally.
Robert
At 05:43 PM 9/5/98 -0400, Kent Rollins wrote:
>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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