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To: UnBelievable who wrote (11708)8/30/2001 8:33:55 AM
From: stomper  Read Replies (1) | Respond to of 209892
 
OT: To:eichler who wrote (23)
From: eichler Tuesday, Aug 28, 2001 12:08 PM
View Replies (2) | Respond to of 167

Touching on some facts I was sent by PM this weekend, there is good reason to assume and realize that there is a virtual monopoly running the markets and that there is an agenda to continue fleecing the private investor with orchestrated sucker rallies as what seems to be the inevitable re-test of the April lows to come.....
DA BIG BOYS:
11 specialists making all the market in NYSE
Biggest is LeBranche which controls another of the 11 and about to acquire one more, reducing the competing specialists to 9.
LeBranche will control 594 of 2600 listed and account for nearly 30% of the volume not to mention in addition 205 of the 500 SnP and 9 of the 30 dow...
#2 is Spear Leeds & Kellogg specialist of 496 stocks in the NYSE and 102 of the SnP and 3 of the dow 30. AND, this company is owned by GOLDMAN SUKS! Hmmm, how 'bout Goldman's AJC coming out to tell the "investors" repeatedly that the bottom is in!!!LOL!
#3 is Fleet Meehan which is owned by Fleet Boston, one of the nation's largest banks with a direct pipeline to the Fed...
Whoa! How 'bout all that money pumping by the Fed lately....think this money can't be used to engineer sucker rallies?????
#4 is Wagner Stott Bear Specialists, a unit of Bear Stearns.
Together, these four control 83% of the dollar volume on the NYSE. One is owned directly by a bank, and others have their own Fed pipelines via their banking relationships.
When I was made aware of these facts this weekend, my eyes were opened to the idea of "CARTEL" with all the resources and connections to manipulate the market however they choose.
My motto from here on is to expect the worst, that however and whatever to fleece the investing public can and will be done. Any less critical view of a very suspicious set of arrangements can and will be quite unhealthy from a financial point of view......
While it does bother me greatly to hold a very pessimistic viewpoint of the general market, I feel it is a necessity to maintain this awareness.



To: UnBelievable who wrote (11708)8/30/2001 8:36:36 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
Its only a guess, but I wouldn't be surprised if "saving Japan" already started last night with the bounce off of 10,800....I can't believe the Japanese government is going to let the Nikkei get too far below 12,000 before M2M (which has apparently been pushed back to EOM)...

A wild-er idea would be that the new government REALLY ARE reformers and they are going to let Nikkei stay below 12k (not buy to prop) to force banks to restructure...but I highly doubt this.

They'll cave, they'll buy stocks en masse, and likely save it...just to unload as soon as M2M is over.



To: UnBelievable who wrote (11708)8/30/2001 8:57:12 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
Following my Elliott wiggles, I see a good chance that this weak open is bought.