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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)
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To: ahhaha who wrote (348)9/10/1999 3:31:00 PM
From: CYC   of 587
 
Ahhaha:

Good summary of market status in your post:

"The FED knows it and hates it, but they got to get it down somehow, so gradually will be attempted. Of course, that will bring about the greatest grief, because if I know it, so do others. They all are watching the door more and more closely. They see the Trannies and Utesn locked in major down trends wildly diverging from the industrials with the breadth worse than it has been in all history, and old reliables like AHP making a breakout down side gap. KO breaking its major uptrend and neckline. DIS double topped and headed drearily down, and F preparing for the plunge to the neckline from where it will proceed horribly down during 2000. The FED doesn't need to get it down at all. It's moving there inexorably while the patzer public toasts the roar of crowds."

I continued to be amazed by the relentless upward push of certain indices and selected stocks. My conjecture is there is a lot of short covering in all these activities. Even if the public or the institutions notice the negative news, I am not sure they care anymore. Most have been trained by the market to behave irrationally.

Maybe the fed is indeed watching and feeding liquidity to rescue the market, but I have given up trying to understand their intentions anymore. Is there an end to this?
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