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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 (49076)	5/2/2000 9:58:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

fundamental, i will still say that buying was off a selling exhaustion bottom on 4/14, markets don't go straight up or straight down, we need to consolidate the massive move of the week of 4/14. just look at MW's chart, on 4/14 we had mdd posts comparable to the october 99 bottom, big vix, big from page saturday spread in the newspaper, all the elements for a bottom. no ppt, just an oversold market with some cash build-up that needed to consolidate. I wouldn't base any of my trading on some phantom PPT or market manipulation, i doubt there is anybody with enough money that can control massive amount of traders big and small out there, herd sentiment drives the market and the herd sentiment is flailing about gapping up and down like crazy lately, haggets seismochart of volatility might be the best predictor of the coming financial quake. CRAPS during the first quarter 00 we had a 2000 point drop in the dow, then a 34% slide in the nasdaq and still during the whole process there are above 50% bullish advisors, AND during the damn process of the nasdaq going down 34% you have people pouring money INTO agressive growth funds, IT AIN'T SUPPOSE TO HAPPEN THAT WAY, AT BOTTOMS EVERYBODY IS BEARISH AND TAKING MONEY OUT. the market is extremely complacent, and dangerous, no PPT, no big boyz can control the tide of human emotion. b

To: Fun-da-Mental#1 who wrote (49076)	5/2/2000 9:58:00 PM
From: Mrjns	Read Replies (1) \| Respond to of 99985

Can the erasure of -110 pts on the Nasdaq futures be explained by anything other than a plunge protection team ? I think this happened at least twice in the past month - just curious

To: Fun-da-Mental#1 who wrote (49076)	5/2/2000 10:36:00 PM
From: Jan A. Van Hummel	Respond to of 99985

Manipulation or not. Market sentiment now is south. Throwing good money after bad money is like peeing into the wind. You'll get wet all over! JMHO

To: Fun-da-Mental#1 who wrote (49076)	5/2/2000 11:23:00 PM
From: Michael Watkins	Respond to of 99985

Funda-- That day was pretty amazing to be sure, but there were some signs of selling exhaustion coming into 15:30 - the last few minutes or so. Its entirely possible that a big player was around and decided to start buying. Speaking of the NDX futures, there had been precious little in the way of buying, I could feel it while trading that day -- shorting every little rally was "too easy". It happens from time to time but it doesn't last forever. Also that day you need to recognize the impact of limits on the futures. At 10:17 the ND hit its second limit down for the day at 3515, after opening up the day limit down already. I know I was "hoping for" but not expecting it to hit a third limitdown, so it wouldn't surprise me if many short term shorts started covering at the first sign of selling exhaustion and buying interest. So it may simply be that someone decided enough was enough and started to buy up, knowing that everyone and his brother was now short and would have to cover. It is manipulation? Or just market forces? I go with the latter, in general. (this doesn't mean I don't believe that some markets are not manipulated by insiders etc, but I think the overall market as a whole is a bit too big to be controlled for long, except by monetary policy)