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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: vampire who wrote (25282)8/23/2001 1:12:54 PM
From: Steve Lee  Read Replies (1) | Respond to of 30051
 
If we see a substantial market decline in the remainder of this year which results in QCOM coming down more than the rest of the NDX 100, then it is likely that my scenario is happening. Otherwise, it isn't.



To: vampire who wrote (25282)8/23/2001 1:22:37 PM
From: JustTradeEm  Read Replies (1) | Respond to of 30051
 
Gee .. I must have missed that rip roaring lunchtime rally ...

zzzzzzzz ...... JB



To: vampire who wrote (25282)8/24/2001 12:41:26 AM
From: Alex MG  Respond to of 30051
 
With regards to market manipulation... I wouldn't be so quick to ignore this. I would say that if there's a "way" for funds or institutions to manipulate share prices then there's no doubt it happens. Maybe not on a grand scale with everyone meeting in a smokey room but, for instance, it's easy for the "big houses" to get into the futures pits and in the low volume pre market "mark up" their inventory. An example was on 8-2 when some bulls were getting all lathered up and calling for a big explosion upwards while Naz was pushing 2100... That was the week when we had a few days where the market gapped up then sold off the rest of the day but the closing price was still positive. It looked bullish to J6P who came home and the Naz was "up again!"... but to others it looked like "distribution".

Also that same week we had the MER "train's leavin' the station!" semi upgrade with the SOX right at a resistance level and the 1st day of the month... Of course it's a well known fact that window dressing goes on, that is a form of manipulation.

Also, from the Cross-Currents website re the "cubes"... "The rapid growth of Cubes has quite obviously provided support for Nasdaq's top companies, even as their fundamentals have crumbled and earnings have disappeared... the dealers who see the order flow believe institutions, not individuals, are driving the market. With the Cubes liquidity now so high, it is believed that mutual fund managers are now substituting them for the cash typically required to meet fund redemptions!"

Lotsa games going on out there, no doubt... Big Money and human nature, it's gonna happen.