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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: bigbuk who wrote (48078)2/27/2001 2:50:19 PM
From: the Chief  Read Replies (1) of 62347
 
Yup the Institutions are painting the tape on nas now. They won't set a new 52 week low IMHO but they are going to dance around it to force Greenie to lower rates and try to "restore investor confidence".

The only way to get greenie of his butt is to dance near the LT low of the Nas....but, if you set a new low you could end up flushing out the last of the LT holders. Who then will buy GIC's and CSB's and leave the institutions to play with themselves.

if they set a new 52 week low we will stagnate for 6 months....puke....Just another theory which in one fell swoop could be wasted cyberpaper.

the Chief
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