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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (35925)	4/17/2001 7:40:19 PM
From: Mannie	Respond to of 65232

------------ LEIBOVIT FILES -------------- Today's trading was a classic example of those SOGs (Son of a Guns) can keep investors and traders out of the market, knowing full well that higher prices lay ahead. The ability of market makers and specialists to control prices intra-day is a real art form. You don't read about this in the Wall Street Journal, Business Week or Barrons, nor is it discussed by CNBC. Why? It paints professionals a being a bit unscrupulous, don't you think? And, you and I know they are perfectly honest. By pulling back their bids sellers appears and allows the SOGs to pick up shares at bargain basement prices. Then they mark prices up from wholesale to retail. With the Intel news behind them the job becomes even easier. Do you think they knew it was coming? In the meantime, I told you I was optimistic and surprises were to the upside. Breadth remained positive all day on the Big Board and though it flip flopped on Nasdaq, it managed to end the day in the green. A higher high in the S&P early the day really impressed me and now I'm hoping to see the same come tomorrow in the other major indexes. I particularly enjoyed watching the bears scurrying for cover. Several noted and not very good 'market timers' (perma-bears) were caught with the pants down today. This is the kind of 'X-Rated' entertainment I enjoy. They were EMBEARASSED! Mark Leibovit Chief market Strategist ----------------- ---