To: TH who wrote (25862 ) 2/5/2005 9:14:51 AM From: westpacific Respond to of 110194 Working off the oversold, this market has not proven anything yet. Lets not get excited, face it we tested 10400 so many times and I feel that everytime now the PPT is stepping in to support it. LET THERE BE NO DOUBT this market is heavily manipulated now by the PPT and Fed member banks, it is the last card they have to play now. Did you see how many charts are nasty, look at so many internets down hard in the past month, what is so impressive about that. FNM is getting close to breaking its 52 week low, SBUX is one point from busting down all support, EBAY is trashed, AMZN trashed, CSCO trashed, MSFT d.o.a........... The OPM crowd has been running into homebuilding, commodities - anything hot and bubbly to protect their ass. Watch, we top out next week and DOW will reverse and break that 10400 on its way to test 9600. NOTHING has been proven yet - lets see what they can do at 10800 and SPX 1253 (61% retracement) before we all start guessing here. Only a nut is short homebuilders for now, let the chart top..... And lets not forget that GOOG has 35B coming to the market Thursday - which is about the perfect window to approach overbought indicators once again. The best play is a small short hedge in the right stocks, short gold and cash. This market will continue to be a casino, he whom losses the least wins, the FED has created a monster and soon that monster will cause so much pain. I said it the other day - 2006 gonna be a mother collapse. As for deflation - with so much money floating around the globe how can their be.....so lets remember, let the tape dictate, those in control - banks - they could print enough money and manipulate any market they chose. Lets not forget this point, the PPT works offshore and whose to say how much credit they can create out of thin air to buy or manipulate whatever they chose. (and if you do not believe the new power managing our globe is not this corrupt, well LOL). West