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To: Berney who wrote (7090)10/18/1999 9:23:00 PM
From: bobby beara  Read Replies (1) | Respond to of 11051
 
Combined with the great numbers in the financial, drugs, and F, it is hard to argue with the logic.

Berney while i respect the fundamental aspect, markets are driven by liquidity and the psychology of fear and greed.

The liquidity driven bull is SHOT - just look at the a/d line they don't gotz enuf bucks to hold all the stocks up and BONDZ GO UP FOR A DAY BUT BACK OFF WHEN STOCKS GO UP.

Volume and chart patterns reveal what smart money is doing - DISTRIBUTION WHILE PUBLIC IS ULTRA BULLISH LOOKING FOR DOW 36,000 LIKE THE BOOK SEZS.

I'm so bearish not only did i short my bowl of cheerios, but i bought leap putz on em -g-



To: Berney who wrote (7090)10/18/1999 9:43:00 PM
From: MonsieurGonzo  Respond to of 11051
 
TB:" ROFL... (^o^) "

>>Why am I here?

>I don't know. Maybe we should ask Voltaire? <<gg>

you give me reason to live
you give me reason to live
you can - keep your hat on!

oh, man... {still laffin'} whew !

>I just sit back in amazement that folks would buy into the CPI...

hell I don't know; they seem to buy into splits, earnings releases, magic lines on charts {grin} and who knows what else! "controlled", yeah... right !

Is it so necessary that we have a reason for why the stocks do what they do ?

at any rate, my theory-reason for today was not the CPI; rather I think the MM's were liquidating some NDX to raise cash, and the trading-range "channel" magic lines on the SnP, OEX - as well as psychology of DOW 10,000 - is pretty easy for the T/A traders, just plain folks to see.

It's a dip, we bought it; if it dips more, we'll buy more (patooie) ain't nuthin' fancy, dude.

...another up-wave here, and everybody will forget about the DownTrend, resistance at what, OEX ~690 ?

...if the OEX just ignores the plunge through 200d EMA at ~670, now that would have been weird.

-Steve