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To: NOW who wrote (35827)	11/9/2000 4:04:23 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

doesn't matter.. they're done...

To: NOW who wrote (35827)	11/9/2000 4:13:30 PM
From: GraceZ	Respond to of 436258

Perhaps when they all bounce like that it means that the indexes hit a point where those that are short think they need to cover, but more than that, they stop initiating new positions... those that sold earlier think this looks like a good enough re-entry. Why do they stop at that particular point? Perhaps because there is a widespread belief that there is some sort of market intervention conspiracy that kicks in at that level and they don't want to get caught like the last time. The same sort of thing happens at a market top with longs chickening out and taking profits. Bulls usually blame the selloff on the MMs, shorters, the houses or some other such nonsense. Bears blame it on the PPT or the houses or some other such nonsense. But really all it is a market doing what a market does, randomly bouncing within the boundaries created by the mass of market participants and their future expectations for price.