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


To: AllansAlias who wrote (48085)4/25/2000 6:42:00 PM
From: Benkea  Read Replies (1) | Respond to of 99985
 
While volume was not barn burner (many marginal players were crushed a week ago Monday), breadth was pretty decent:

moneynet.com



To: AllansAlias who wrote (48085)4/25/2000 9:35:00 PM
From: UnBelievable  Read Replies (1) | Respond to of 99985
 
Well said. And the Dollar did open down against the Yen. Where it closes remains to be seen.(gg)



To: AllansAlias who wrote (48085)4/25/2000 11:13:00 PM
From: John D. McClure  Read Replies (1) | Respond to of 99985
 
Hi Allan,

You should have seen me grinding my teeth at 3:45 today as I grappled with the decision to throw my last cash reserve into a QQQ 100 June call. I let the opportunity pass. I am already way too long in penny stocks. I have a most of my capital tied up in stocks that I had rationalized myself into chasing-this despite the fact I just knew that the market was going to finish its blowoff at some point in the near future (I felt I had to make some quick cash for certain expenses at the time). Self-doubt and setting self-imposed deadlines can be VERY expensive. Anyway, between the TERN puts and my long portfolio, I am forced to just sit back and cool my heels. Like the gold market, the action today didn't feel "genuine". I felt like some fat-cat in the Fed, Treasury, or Wall Street was rigging the chart(s) and playing with my head (I think Fleckenstein expressed similar sentiments yesterday and today). I have been second-guessing the patterns by factoring in what some high mucky-muck might want to do to spin them for his own agenda. I am getting more and more paranoid and trading is becoming more and more of a downer. If shenanigans are indeed being played with the stock markets, "they" had better be careful lest investors and traders get so confused and frustrated that they take their collective balls and go home. As has been said before, this can only end badly if manipulation is indeed a fact of life here. Sooner or later someone will screw up and we will all suffer.

Jed