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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (20355)	9/28/2001 2:08:30 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

>>Manipulation -- is that your principal theory? << No but a ramp job like we had yesterday afternoon and early this morning sure wasn't normal and logical trading of "normal" traders. The PPT has been documented by a few rags such as the NY Times, Washington post and the Fed's own statements admit there is an agreement for a firm who's contract is switched or renewed on a regular basis has the authority to intervene to "maintain an orderly market". Yesterday mornings reaction to the Durable goods order, housing start report and intial claims report was normal, a bt of short covering and some toe dipping would have been normal but a coordinated swing to a positive TICK of over a grand and jumps of 20 ND futures points and 10 S&P futures points caused primarily by QCOM, MMM, IBM etc are not. I stated on our site last week and earlier this week were clear in that I expected a bounce soon and a fib retrace but Fed intervention of this sort is not healthy BWDIK. Good Luck, Lee