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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (17973)1/5/2000 4:40:00 PM
From: M. Walton  Read Replies (6) of 57584
 
Something interesting turns up when you look at NATS and the technicals behind it - something that might explain why the last minute market manipulation occurred.

If you take a look at the MACD technicals on NATS, I think you will see something interesting (MACD represents the interaction of two moving averages. The long-term moving average is 26 days, the short-term is 12 days). NATS was literally on the cusp of having its short-term average cross it's long term average (and well above the center line) indicating that a significant upward trend was in the making. This would have meant that NATS would have hit every major TA scan in the country once the markets closed. Seems to me that forcing the price down today kept NATS relatively unknown for one more day and kept the analysts from picking up on it with their TA.

This is, of course, just my opinion, but it would explain an obvious market manipulation from a techical viewpoint. Please correct me if I have misread the technicals in any way.

Murphy
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