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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey S. Lillie who wrote (20059)12/13/2002 7:30:18 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
Whatever. You can believe what you want about the 6th. It probably had nothing to do with support, filling a gap, oversold conditions on short term charts, Fib targets and support, short covering at a target, etc. etc right?
Let's just forget about that and look ahead.



To: Jeffrey S. Lillie who wrote (20059)12/13/2002 7:31:33 PM
From: Moominoid  Read Replies (1) | Respond to of 30712
 
The way the PPT works is that they start buying bonds with new money and then the bond sellers turn around and throw the cash at stock futures etc..... no mystery here just the Fed in action. The change is that the Fed does seem to try to support the bond and stock markets in this way today whereas they didn't in the past.