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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: JDinBaltimore who wrote (30679)	2/7/2000 11:04:00 AM
From: IQBAL LATIF	Respond to of 50167

It happens in the fast market, many times it is non event in longer term like that Friday we had this news about altogether elimination of long bond that led the recovery in bonds and than we had this sell programme and Gold never sell it in quiet market exploded to 315$ but the major stocks reamin solid without movement, pits got worried but had to square as cash did not break...with so many buy recommendations on semis one would think that may be earnings will help this through and bond yields dropping are helpful to the market.. like major issues requiring interpretations not in the hand of the pits.. like.. <<) Dr. John Faessel Big last hour sell program put a nasty look on the charts of the indexes. Recognizing that "those" guys can near do anything they want for a few hundred points once they push the sell button. The specialists see the lights go on and the big sell orders coming in, so the natural buyer freeze lay back and wait till it's over. Like a cloud passing the sun on an otherwise great day at the beach. Net, net, millions more to Program players, and some charts that look like reversals. While this one happened precisely at resistance (part of the strategy) and a likely spot for the beginnings of a pull-back, I am not a believer, today anyway. I lean to the Liquidity, McClellan Oscillator and Arms camp suggesting more up-side. But watch S&P futures below 1439 and get real worried below 1429 where buying some option protection would be prudent. >> My supports are lower as you must have noticed in my post..