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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (32621)	2/23/2002 10:59:30 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

My "model" has the low of the year just under 7500. I don't do much Dow "forecasting" anymore, I think it is heavily controlled by the PPT. Zeev

To: Softechie who wrote (32621)	2/23/2002 10:59:40 AM
From: pete	Read Replies (1) \| Respond to of 99280

I don't think the BOYZ will let that happen. They (the boyz) will hold up (manipulate) the Dow 30 stocks. Don't get me wrong the Dow will drop but not even close on a percentage basis as the other indices. They love to use MMM,UTX. It is incredible to watch them work their magic. Almost every trading day around 2pm the tick turns positive and the buy programs come rolling in cutting loses. Look at yesterday's action a tick of over +1,000 within a few minutes from being a big negative. Some say it was short covering but the BOYZ know there are many people short & get the start the ball rolling knowing people will have to cover.>> IMHO..