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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (16057)	7/19/2002 4:26:11 PM
From: inchingup	Respond to of 36161

<<<Shoot fire, if they keep putting the DOW up after the market close and we could even have a Friday night rally!>>> LMAO!

To: Roebear who wrote (16057)	7/19/2002 11:49:52 PM
From: inchingup	Respond to of 36161

Roebear: Here is an excerpt from Cramer this evening. Apparently there is a "bit" of discontent among investors about today "action". Of course, that depended upon what side of the manipulation you were on. (vbg) Walking Out on the Insiders By James J. Cramer 07/19/2002 05:31 PM EDT They clocked the sucker. They just ripped it apart. And that phony expiration pricing really did the trick to make the whole world feel that the game is rigged. I talked to many people this week who feel completely betrayed by equities. For the most part, they were brainwashed buy-and-holders who used to laugh at my defensive selling and trading. They are bleeding from the eyeballs and they think it is a total insiders game, and stuff like the Goldman (GS:NYSE - news - commentary - research - analysis) and UPS (UPS:NYSE - news - commentary - research - analysis) prints at the bell certainly go a long way to confirm that. I think the depth of anger and despair about this market is so great that we can't expect anything but a feeble rally if we get a rally at all. In the meantime, the earnings that come out between now and August will for the most part be filled with the warts-and-all view that we got from a Pepsi (PEP:NYSE - news - commentary - research - analysis) or a Baxter (BAX:NYSE - news - commentary - research - analysis) or a Philip Morris (MO:NYSE - news - commentary - research - analysis). In other words, lower prices ahead. The fact that we couldn't rally on expiration week is a very negative turn of events. Steel yourself. Message 17766311 BTW, IBM and a couple of others were mentioned as possible "collusion candidates" on other threads.