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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 683.47+0.6%4:00 PM EST
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To: mattie who wrote (34877)10/25/2001 2:07:12 PM
From: Johnny Canuck  Read Replies (1) of 68385
 
mattie,

I have my doubts about the total accuracy of the article. While I can imagine they might want to control the slide in the market or give a short term object lesson to short sellers to dampen their effect, no one has the kind of money to hold up the market indefinitely in the face of coordinates selling by institutions and a weakening economy.
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