Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: t2 who wrote (79542)	6/16/2002 11:50:22 AM
From: LTK007	Read Replies (1) of 99280

nv/t2 here is tidbit for your side but it's has the strength of a "broken leg", imo. <<Excerpts from current market commentaries... Updated daily :Astrikos.com Thursday, June 13th (Evening Update) The latest program trading statistics were released by the NYSE after today's close (see report), and the percentage of program volume executed for member firms accounts jumped to nearly 35%. That's a significant increase in program activity from previous weeks, and the heavy volume figures over the past several days suggests that program volume remains above average. Since the September bottom, a pickup in program activity has generally related to a rallying market while a drop in program activity has related to a falling market. This tends to suggest that institutions have been and will continue to bring out the big guns in an attempt to keep the stock market from plunging into new lows (> LOL!--since when is DESPERATION BUYING by funds a Bullish signal! All this has done is to continue what they do best, lose OTHER peoples money--max)

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