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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (22197)	8/5/1999 10:56:00 PM
From: James F. Hopkins	Respond to of 99985

Hi LG; This was rough on the margined internut players, looks like it was front run by the broker dealers, as a margin squeeze. Also stop losses were taken out. The timing was to fast for anyone else to have pulled it off. Reuters says bargain hunters came in , but tahts a crock of crap too, of course I have a long standing opinion of Reuters to be nothing but a propaganda machine for the investment bankers/broker/dealers. They always seem to manufacture some thing they call fact and fit it to the curve to mask the fact the market is more rigged than honest. -------------- Lots of stock was sold not by investors but by brokers making accounts meet margin requirements with out giving the mullets time to get any money up. My DVI was up for the day, not a lot but some and if the dollar holds we could rally some more, but I doubt we actually break the down trend. The A/D stayed negative and new lows were plentyfull in spite of the pull up . AOL was by far the most active stock in the market and she remained down 4% . -------------------- A little more up side then another slam dunk is what I think. There was no basing at the low.. Jim