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

To: bobby beara who wrote (34056)	11/24/1999 9:04:00 AM
From: Cynic 2005	Respond to of 99985

Well, almost! I have had decent gains till Oct 20 or thereabouts. Since that time I had been looking for a pullback to close some of my puts. You can guess what happened. -ng- Since I still have faint hopes left for my Jan puts, it is very likely that we will not see much of a pull-back till Jan perspiration. The power of the mania is helped by old man's viagara cure - pumping more and more liquidity in to the system. I have another theory - though a 'wishful thinking,' - sort of! The old man might have given a nod to the banks to unload their risky derivatives in to a parabolic rise in markets aided by 24% annualized growth in money supply concurrent with his latest rise. I think he did that to avoid blame for engineering a crash by rising rates. Now, a full week after setting new a few new highs following his latest interest rate hike, he can stop the monetary spigots and should a steep decline ensue, he can say it was the works of the market mechanism. He is more slick than, well, Slick himself - you know!