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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.59

+0.6%

Dec 19 4:00 PM EST

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To: Clint E. who wrote (18262)	11/3/1998 8:59:00 PM
From: xcr600	Read Replies (1) of 69161

<< One by one they are taking stocks close to short-term price barriers and after a few days of absorbing any overhead supply, they move them higher. Look at CNTO, ADSK, CTXS, MAST, CMVT, MER,..>> Clint, thank you for responding to my prior post. Your insights into the market are incredible. Now about this statement, do you believe that all the specialists are trying to bring stocks back to where they were in July? And if so, for what reason? I don't understand because the market at some point will not be able to sustain such lofty p/e's. This quarter has been a joke (imho), do to the fact that earnings estimates were slashed for so many stocks. Or are they just basically trying to keep the bull run going so all can get rich?? Thanks again. edit: << ...they were pushing stocks higher on less-than-average volume, taking indices higher right before the close, and basically protecting the heck out of the stock >> How is moving a stock on low volume protecting it?

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