Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (44625)	7/5/2002 6:08:46 PM
From: The Freep	Read Replies (2) \| Respond to of 209892

<<Perhaps in the meantime you could sketch out an explanation for today's activity that does not involve manipulation.>> Oooh, I've got a good answer! More people bought than sold? Or how about. . . the market was oversold at the lows on Wednesday and is now having a technical bounce back, as markets ALWAYS do? Or how about. . . all those people who sold in front of the 4th fearing terrorism bought back today? Or how about. . . shorts that had expected immediate followthrough to the breach of the S+P Sept low because the market was telling them there WOULD be a terrorist act yesterday suddenly realized it wasn't gonna be that easy and covered? Or how about. . . . Let me reverse the challenge: prove to me that today was only manipulation. I know. . . I know. . . it can't be proven because we will never know what THEY are doing (and by the way, I accept that explanation on some level. If there are nefarious or even farious forces behind the scenes, we'd be mostly unaware of the specific actions). Still, the burden of proof falls to you, because as I look at the 100+ years of stock market activity here in the US, I note that the market has always bounced after (and during) long declines (and always gone down after major rallies), and historically has gone up more than it has gone down. And all that up is manipulation? That's rather hard for me to accept. I'll let you get the last word on this, if you'd like, cuz I'm heading off on vacation. Make no mistake, by the way. I'm not saying there were great fundamental reasons that we saw THE BOTTOM on Wednesday. I doubt we did. But to think that the market will go straight down and will only move up due to "manipulation" is. . . well. . . poor thinking, imo, and you are not a poor thinker. the freep