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In a message dated 98-05-01 12:13:14 EDT, MitchT@xxxxxxx writes:
> Well, the reason I ask questions like that is because my mentor told me
> the more info you have the better.
> For example, this question got someone to tell me that 20 million shares
> of stock hit the floor
> and that caused the selloff. That caused me to ask why would that
> matter. Then someone points out that
> Japan is on holiday and so are most of European markets....so liquidity
> isn't graet.....which
> means the move was probably a liquidity issue and not a sell signal Abby
> Cohen may have given her
> paying customers...(not me , but maybe another trader out there)....so
> with this info I may fade the
> locals and double up when they try to run their stops.
> Bottom line is if Abby says sell...my technicals and yours are worth
> shit!
This all may be very true, for the move that occurred, but how do you know it
will have any validity 10 minutes later???
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