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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	6/12/2001 10:34:42 PM
From: besttrader	of 37746

SPX broke H&S neckline intraday, then a BUY program hit. Da Boyz HAD to prop up the market, or BULLS would have been KILLED by that H&S break. They are going to do all in their power to prop this up, so that the H&S pattern is invalidated. I knew we were going to 2100, but what I did not know what the power of Da Boyz. I should have known better than to go up against King Bull and his minions, but now that I see Da Boyz and their buy programs at work, I am even more wary than ever. This is the same stuff they have been pulling during April and May, and especially timing that surprise cut to hurt bears the most. Just more of the same damn tactics to prop this market up so as to not scare mom and pop and thereby prop up consumer confidence. The most important thing there is. (And biggest piece of GDP). Irrational exuberant AL is gone, and in his place is prop it up at the H&S neckline crew with a buy program AL.

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