Discussion in 'Trading' started by Trend Fader, Dec 26, 2002.
whats going on? why are the futures tanking?
oops sorry.. meant to sell 50 000 not 500 000
Probably the issuance of the NRSE report that holiday sales were down 11% from last year.
i thought everyone knew the season was a bad one...there were headlines to that effect this am.
but...I do see retailers leading the way down...
I think they call it program trading!!!!
I thought it was just technical, but guess the news is helpful sometimes. No movement for an hour and then a pick-up in selling. Easy money.
True. But the NRSE presented further evidence of a decline, perhaps more than expected. Thus no reason to support prices, much less to buy. Just common sense.
I do not think it was RLX.X that led the way. IMHO, it was MSH.X and SOX.X that _lead_
We have made the theorical target of 8568 (in real 8565) we didn't made yesterday so today dj retraced in price and time only 3 point below this level.
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