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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.83+0.3%Dec 3 4:00 PM EST

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To: ahhaha who wrote (61631)10/31/2000 12:42:17 PM
From: eichler  Read Replies (1) of 99985
 
ahhaha

"So it was only a bottom because the FED disrupted the game."

I would be the last one to dispute that manipulations in the market occur on many levels. However, discounting the market's actions due to whatever... doesn't sit right with me.
To me, that's like saying for instance Tennessee's win over
Washington isn't really valid since a fluky interception returned for a seemingly impossible touchdown with time run out affected the outcome. I believe it's what's on the scoreboard that decides the result, not the stuff in-between.
Like the scoreboard, charts accurately reflect all of the market forces and manipulations, not just the ones you consider valid. Whether it was the FED, the MMs, the big
players, ect. doesn't really matter. The scoreboard has the final word. I'm not saying I necessarily disagree with your
assertion, just that I do not believe it matters much in the
final analysis.
Regards,
Eichler
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