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To: GraceZ who wrote (234049)4/7/2003 3:01:42 PM
From: UnBelievable  Respond to of 436258
 
I Don't Think You Are Correct.



To: GraceZ who wrote (234049)4/7/2003 3:23:11 PM
From: UnBelievable  Read Replies (1) | Respond to of 436258
 
More Specifically

You may be right about the reactions of the traders to my explanation.

But you are not correct in thinking that the Fed does not work to influence the direction of the market each day.

In all but the shortest timeframes, the Fed obviously can not control the direction but they have the ability, and they do on a daily basis makes decisions in response to the market as of that day, which are intended to influence the direction of the market that day.



To: GraceZ who wrote (234049)4/7/2003 8:03:23 PM
From: LTK007  Read Replies (1) | Respond to of 436258
 
Traders have zero to do with Fed manipulation that is a KNOWN point and has nothing to do with how Fed manipulation works, and believe, they do--do to manage shorterm interventions..
For understanding floor traders one only need know how their local bookies work.
Bookies don't give a damn who wins and loses as long as they are in balance, and they LOVE ties. Max


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