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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (69493)	6/17/2004 10:38:59 AM
From: Skeet Shipman	Read Replies (1) \| Respond to of 94695

Bill Gross says the global outlook unstable. "the advent of financial alchemy" - in particular, the growing use of hedge funds. "Even banks are employing the 'carry' trade - borrowing short and lending long. "They're doing things they haven't done before. There's lots of risk in the economy now compared with even five years ago." There are bubbles in commodities and the UK housing market, as well as the US currency. "With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect . . . a small movement can tip the boat." news.ft.com

To: William H Huebl who wrote (69493)	6/17/2004 2:51:18 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

Yeah. More from the same guy. It's a closed forum, so he does not seem to have interest to lie. He is a futures trader. Bill, I see myself what the guy is talking about, in SP price action. I know such action can only be caused by futures buying... Looks like it anyway! "Why don't the traders front run 990N? Rest assured they try. But the buying is totally untrustworthy. The volume comes in as a blast, that blows the market in a direction. However, it stops just as quickly. Since no one else is eager to buy at these levels chasing the price action, after a volume blast, is death. You end up getting left holding the bag. And the support will disappear so quickly, that you end up holding a losing trade with nothing but air pockets below. It's like playing with fire. Bottom line, it's a false market. So, 990N blows the price action above resistance, then expects the floor guys to carry the market action through. Then, they try to sell into the carry through, leaving the floor guys holding the bag. Now, the floor guys refuse to chase anything. No dummies they." I'll post, this is about to get broader attention, from what I know. This is serious.