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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (26101)	4/16/2000 11:42:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 67997

Harry.. "The powers that be tried to save the market last week when we bounced up dramatically from the 3650 low. They are going to be less likely to do it again as they used up a lot of fire power to do the first save, they also need surprise on their side to be effective." Who are the powers that be.. and what did they do to try and save the market? I saw institutions selling enmass, the Fed supporting the notion a selloff is good, and old economy mavens relishing their new economy brethren's distress. When all the cards are tallied I think you'll find a ton of money was made on the downside by some key institutions that had significant short positions that were dubiously accelerated through black box maneuvers. Don't know if anyone here ever read The Predictors as I suggested. Its simply not possible for those schooled in old fashioned trading to appreciate the changes these tools have brought to the markets. They operate 24 hours a day, trade every market, every index, most of the tradable stocks, every commodity around the world. They can blast through twenty trades a second if need be, have huge leveraged resources to "play" with. They base their trading rules on a wide variety of trading schemes including noting the influence their own activities has on the markets direction, redoubling an effect if found, in order to move a trade more forcefully in their own direction. The most profitable trading is like our ancestors used to do with wild animals to the slaughter.. get them stampeding towards a cliff. We got stampeded...