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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: SusieQ1065 who wrote (66548)8/10/2002 1:33:40 PM
From: Kaliico  Read Replies (1) | Respond to of 208838
 
Yes SQ I saw those blocks going off all week, question...

The pattern was fairly regular 2 to 3 times a day and 90% across the board on the Techs I trade. Rallys seemed to materialize around these events for the most part. I looked for activity in other sectors, but not closely, so uncertain if it matched tech in pattern. Sector rotation didnt seems clear either.

Per the news that traders have thin order books right now (do I believe this?)...I get this "twitch" that big$ is schemeing their hand here, and wallstreet is supposed to be on vacation...but I really think there is far more going on than meets the eye.

In the 8 or so years I have been analyzing this stuff clear patterns of direction don't seem to be shown easily by the clues but this program activity always seems to be precursor to some sort of move. It's kind of like the laws of the universe always shifting, as the underlying fundamentals change modulated by the media spin (all eyes on Martha).

$OEX caught my attention, BUT!, was it supposed too? ie, set up for the short?

Any thoughts?

PS: thanks for the info on program trades.



To: SusieQ1065 who wrote (66548)8/10/2002 3:09:21 PM
From: ChrisJP  Read Replies (3) | Respond to of 208838
 
Welll traditionally, when the public has left the market in disgust -- its time to begin buying.

If only the NASDAQ could break its 20 dEMA .....

siliconinvestor.com

Another fun fact -- apparently the yield of the S&P 500 is competitive with one of the treasuries -- for the first time in a lonnngggggg while.

Also -- the administration seems to be working extra hard to make sure the markets won't take a dive between now and the election.

So that's how I'm playing it.

Chris