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

To: Fun-da-Mental#1 who wrote (35037)	12/11/1999 1:35:00 AM
From: Lee Lichterman III	Read Replies (4) \| Respond to of 99985

>>>, is the market actually manipulated by the pros, or is it just that they have better knowledge of new developments, <<< I believe it is both. I am sure they get wind of things first. There have just been too many times where price preceeds news. Take recently TYC. TYC tanked hard when the article about the book cooking first broke, then recovered and stabilized right at my middle tine then started dropping again like a waterfall. It could be argued that it was a dead cat bounce then a normal resuming of the drop but a look at teh volume shows that selling had slowed then picked up heavily days before the SEC investigation broke publicly. Big money was trying to dump fast before the news was made public. Of course they didn't know in advance <g> On the other hand, big money can move markets. Soros warned in advance the Asian markets were ripe for shorting. When the majority inflated the bubble further anyway, he went in solo and deflated it. Then as it dropped, the others switched sides and piled on which allowed him to cover and go flat. How many times have you seen self fulfilling trades by big money. Warren Buffet grabbing 30% of the silver market then when everyone started wondering where all the silver went and found out it was him, silver spiked from the 3 range to over 5. Would it have climbed had he not cornered it??? Heck even small money can do it at times. Check out some of the hot threads here on SI. Is Kim, Mex and others really right all the time or have they just built up such a large following that they can post about a small cap and then as everyone piles on, the buys outnumber the sells to the point that those in first win big. ( I am not accusing Kim of being a pump and dumper BTW, just one of the hot theads that came to mind) I believe that both scenarios happen at times and each time a move is done, you have to see what the circumstances are. Even your intelligence scenario can be argued in other ways than just the big money. Don't we notice things and discuss them on this thread long before the press and J6P figure them out. We noted that April 98 was the true top back in April 98. The press didn't start saying this until late this summer. We have been talking about the lousy breadth of the rallies for eons and noted this rally was on spindly legs from the beginning. Now the press is just starting to comment on it. People come here finding fault with the thread and our calls for anti-bullish posts not realizing we are not wrong, we are just early<g> Only 27% of stocks are up. That means that somewhere out there 73% of people are holding losers. We focus onteh winners but we lose sight of the majority by doing so. Good Luck, Lee