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

To: TechTrader42 who wrote (21420)	10/11/2001 1:35:29 PM
From: yard_man	Respond to of 52237

bullcr^p!! I'm a realist. You think policy makers believe in Lassie's Fair, I suppose? <vbg> If you think markets are "free" you are quite simple indeed. I am not a perma-bear and don't call everything manipulation either. Fun to caricature other folks -- that way you don't have to deal with reality. Did you see the <vbg>?

To: TechTrader42 who wrote (21420)	10/11/2001 1:35:51 PM
From: stockman_scott	Respond to of 52237

Stocks Surge; Nasdaq Rises 4 Percent Thursday October 11, 1:16 pm Eastern Time NEW YORK (Reuters) - Technology stocks etched out fresh day highs on Thursday, as a batch of corporate results brightened Wall Street's mood and helped the broad market erase the loss made since the deadly attacks on the United States one month ago. The technology-laced Nasdaq Composite Index (.IXIC) rose strongly, hoisted by a surge in computer chip and chip-equipment stocks. It gained 67.93 points, or 4.18 percent, to 1,694.19, erasing virtually all of its loss since its close on Sept. 10, the day before the attacks. The Dow Jones industrial average (.DJI) was up 164.89 points, or 1.78 percent, at 9,405.75 after gaining more than 2 percent earlier in the session. Diversified manufacturer Minnesota Mining & Manufacturing Co. (NYSE:MMM - news) helped out with a gain of $4.58 to $106.42. The Dow is still down more than 2 percent from its pre-attack level. The broader Standard & Poor's 500 Index (.SPX) rose 15.29 points, or 1.41 percent, to 1,096.28. It surpassed the Sept. 10 close of 1,092.54 shortly after Thursday's open. ``People are finally acknowledging that this year is a total wipeout,'' said Ned Riley, chief investment officer at State Street Global Advisors. ``But I really believe people are starting to become convinced that 2002 is not going to be as dire and as negative as a lot of economists portray.''

To: TechTrader42 who wrote (21420)	10/11/2001 1:43:33 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Interesting that the Dow never gets high enough to turn off program trades. The spread between the futures and the DIA recently shows that someone's using program trades to prop this up. Doesn't mean it can't go on for a while, and it managed to create a bottom in '87, but it's still manipulation.

To: TechTrader42 who wrote (21420)	10/11/2001 2:40:47 PM
From: bruceleroy1_-	Read Replies (1) \| Respond to of 52237

It's got to be manipulation. That's the only possible cause for an uptrend in the market nowadays: manipulation. It's a wonder that perma-bears don't incorporate this factor -- manipulation -- into their systems. Heck, if it's there so consistently whenever there's one of these troubling uptrends (these "short-covering rallies"), it's a factor that the systems should take into account. It sure would save them some money to get it into their trading systems -- and some whining. As it is, it seems oddly alarming to them whenever it occurs. "Manipulation! They're printing money again! They're holding up a doomed market! Shorts are being deprived of their legitimate profits. Fleck is being deprived of his evening gloat!" My manipulation indicator shows that the market is now overbought because its been going up when it should actually be going down. So in the near term I think that the market will pull back.