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

To: Archie Meeties who wrote (51823)	5/23/2000 2:50:00 PM
From: pater tenebrarum	Respond to of 99985

if there are no real buyers, tape painting exercises have ultimately not much of an effect beyond a day or two. i wonder if it's a game of 'buying them to sell them' as Fleck has asserted. could well be. i can imagine that many money managers feel a sort of nameless dread when looking at their tech holdings. they're probably all hoping for a rally they can sell into. the last thing anyone wants of course is j6p finally deciding to pull in his horns...the vested interest in keeping the bubble going has never before had similar proportions. the mutual funds, the brokers, the 'investors' (read: gamblers), the media, the politicians, the corporate chieftains...everybody wants this thing to inflate again. and pronto if at all possible...:) i guess Al the printer-in-chief needs to give us a boost here...you'll see, if this bubble truly unwinds in Japan-like fashion, it's HIS head they're going to demand. no wonder he only wanted to raise by 25 bps...