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Randall:
Once upon a time I remember the S&P gaping from limit down to the next limit
down and then gaping down again. I forget when it was. Buy limit down to
scalp a few ticks? It ain't me.
BW
>From: "Randall Kurzon" <rkurzon@xxxxxxxxxxxxxx>
>To: "Omega-list" <omega-list@xxxxxxxxxx>
>Subject: Re: Limit Down Bounce
>Date: Thu, 26 Oct 2000 11:34:13 -0400
>
>I agree with your point but I may not have made myself clear in that I was
>thinking of only a very short term (a few minutes at most) long entry for a
>quick few points. A perfect example just occured a few minutes ago.
>
>----- Original Message -----
>From: "Gerald Marisch" <gm@xxxxxxxxxxxxx>
>To: "Randall Kurzon" <rkurzon@xxxxxxxxxxxxxx>; "Omega-list"
><omega-list@xxxxxxxxxx>
>Sent: Thursday, October 26, 2000 10:22
>Subject: Re: Limit Down Bounce
>
>
> > Yea - I have a comment.
> >
> > DON'T!!!!!!!
> >
> > Let the "big boys" in New York and Chicago, settle down the market (like
> > water seeking its own level) before us little guys try trading.
> >
> > "They" have more money and influence than you and I - unless you have
>"deep
> > pockets" and like to take excessive risks with your money.
> >
> > In a "limit" situation, "follow" - don't "lead".
> >
> >
> > ----- Original Message -----
> > From: "Randall Kurzon" <rkurzon@xxxxxxxxxxxxxx>
> > To: "Omega-list" <omega-list@xxxxxxxxxx>
> > Sent: Thursday, October 26, 2000 9:38 AM
> > Subject: Limit Down Bounce
> >
> >
> > > I have noticed that almost every time the SP or the ND are halted at
>limit
> > > down it is followed by a bounce. I've been watching that for the last
>5
> > > years and as far as I can remember there have been very, very few
>times
>it
> > > does not bounce. Any comments as to the reliability of entering a
>position
> > > right after the market starts trading again from limit down?
> > >
> > > Randall
> > >
> > >
> >
>
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