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But the stock market may well come under further selling pressure anyway.
"I think the stock will come under additional heavy selling pressure."
Also, the new company's stock is likely to experience some initial selling pressure.
"When it changes direction, I think you will get big selling pressure."
He said today's auction of 10-year notes could come under selling pressure.
Therefore, there was the potential for great selling pressure on Monday morning.
The moves explain some of the selling pressure on the stock market in recent days.
Soon every stock that involved any kind of borrowed money came under selling pressure.
That selling pressure, of course, would send stock prices even lower.
So a relatively small increase in buying or selling pressure can create a big move.
The selling pressure moved first through the technology sector and then to the broader market.
The market, however, has enough going for it to withstand such selling pressure, many experts say.
Even a big drop in oil prices was not enough to stem the selling pressure.
The junk bond market has come under heavy selling pressure in recent months.
Traders said that at least some of the selling pressure came from foreign central banks.
The franc, too, has at times come under heavy selling pressure.
But there seems to have been less selling pressure.
The selling pressure embraced computer, software and even Internet companies, which had been strong recently.
Because of the selling pressure, many stocks did not open for trading early Monday.
Retailing stocks, which have been under selling pressure so far this year, did better.
Not surprisingly, the stock sank 30 percent under the selling pressure that day.
Volume was very thin, which allowed the selling pressure to have an even larger impact.
If you get much more selling pressure, a lot of those technicals would turn negative.
By contrast, Internet stocks, which have been under selling pressure over the last few weeks, did much better yesterday.
Yesterday, the selling pressure came shortly after the opening bell.