MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

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4:00 PM EST

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To: S. Chiang who wrote (5536)	2/5/1999 9:07:00 PM
From: donald sew	Read Replies (1) of 99985

S.Chiang, >>>>>> 2. Money wasn't leaving the market. Instead, it just rotated to cyclical components. It will come back to the tech leaders soon. <<< I do believe that money was leaving the market, but in a systematic and manipulative way. It was obvious that money was leaving the NAZ with the strong pullback, but some of that money, not all of it, was moving into the sectors which have pulled back strongly already like the cyclicals. Prop up the cyclicals by the big boys so the market cant tank too much. If it catches fire by baiting the small investors and moves up - thats great for the big boys, but if it continues down, well they made profit from selling the high techs and they took a calculated risk. To me its a chess game. I know - Im so cynical. ggggggggggg seeya

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