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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Frederick Langford who wrote (95879)4/12/2000 9:37:00 PM
From: Kevin McKenzie  Read Replies (1) | Respond to of 108040
 
Don't get too wrapped up it all the FA/TA here, this can become a self fulfilling prophesy.

What's wrong with a self-fulfilling prophesy? I'd love that situation, as long as I know the prophesy in advance of the fulfillment. I thought that was the whole point of TA. As long as enough people believe it works, then it does.



To: Frederick Langford who wrote (95879)4/13/2000 12:12:00 AM
From: KevinMark  Read Replies (1) | Respond to of 108040
 
>>>What really irks me is that everyone who knows anything knows this was orchestrated by our friends in the big houses<<<

Fred, excellent. I watched MLCO dump all day last Friday and even posted a message on it when our friends here contemplated taking home the groceries for the weekend.
Message 13393801

There is absolutely no doubt about what is going on here. Civic's post about what his broker told him just solidifies it. Message 13368212

What irks the chit out of me is when I do see some buying come in like today when the Nas bounced off 3800...INCA is there to sqwash the ask again to eliminate any possible rally. It's absolutely unbelievable to see those guys use their bully tactics like that. What does that mean? It means that they are not ready to take the Nas higher until THEY want it to go higher. Last Tuesday during the bloodbath I noticed a ton of blocks being traded right before the V formation (3650) on the intraday chart. That will be the indicator to buy back in. I suspect we will see that by tomorrow or Friday. CNBC has to get there act together as well, or else they can kiss there client list goodbye.

It doesn't boast well for their sponsors if everyone is sitting on the sidelines, because most are brokerage houses anyway. You can bet there volume has been slashed in 1/2 over the past week or so. If they continue on the negative trail then volume will decrease even more.

KM