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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (17691)6/13/2001 11:17:38 AM
From: MulhollandDrive  Read Replies (1) of 30051
 
I believe that the Dow is held artificially high, and anytime could collapse hard, bringing with it other markets. <<

Hi Zeev,

This is something that has puzzled me for a long time. I agree with you, but would like to hear your take on how this is accomplished. The Dow is the marquee name for the market and it would seem to me that in the interest of maintaining "calm" as the broader markets continue their descent, the Dow is propped up.
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