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> You might want to consider the risk of buying at limit down in volatile
> markets, anticipating a bounce. Even if it works nine times out of ten,
the
> tenth time can bury you.
>
> By the end of the day in the Crash of 1987, many locals who stubbornly
held
> to their habit of buying breaks, had to sell not only their Porsches but
> also their CME seats. Will it happen again? Without doubt. Will most
> traders see it coming or even recognize the danger as it unfolds? The
> markets have a nasty habit of regularly surprising the majority, including
> some traders that are supposedly the most knowledgeable and sophisticated.
>
> Consider the risk/reward. Preserve capital. Trade against a strong trend
> only with great care. The markets will always be open tomorrow for those
> with the means to participate.
>
> Regards,
> Jim Alvis
>
> ----- Original Message -----
> From: "Randall Kurzon" <rkurzon@xxxxxxxxxxxxxx>
> To: "Omega-list" <omega-list@xxxxxxxxxx>
> Sent: Thursday, October 26, 2000 10:38 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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