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To: marginmike who wrote (121615)	7/8/2005 9:26:25 AM
From: ajtj99	Respond to of 209892

I just think it's movement within a complex correction that will still be resolved at lows that are lower than yesterday's lows. About the only low that looked decent was the OEX's low. Everything else looked bogus to me.

To: marginmike who wrote (121615)	7/8/2005 9:28:35 AM
From: skinowski	Respond to of 209892

I am not sure, MM, what to make of your observations. Maybe someone else can comment. All I know is that whatever mofo's did it, I hope that they did short the markets, like thay did before 9/11 -- and that the reversal caught them in a squeeze. And that is the least of the evils they deserve.

To: marginmike who wrote (121615)	7/8/2005 9:57:57 AM
From: bcrafty	Read Replies (1) \| Respond to of 209892

mike, while that's an interesting thought IMO the bottom line is this - even if someone did frontrun the attacks, what difference does it make to you and I? i.e. how does knowledge of this help us as traders in similar situations in the future? Even if you had had personal knowledge of the attacks beforehand, what trading would you have done (and more importantly, when and why would you have reversed your new positions?) If one wants to take this a step further, if someone frontran the attacks then did someone else step in quickly to start the reversal yesterday (that got rolling with lots of futures buying around 11:00 a.m.)? Conspiracy theories can generate interesting parlor discussion but they do little to help us as traders, just as AA said a couple of years ago when he suggested that the board give up on its discussion of perceived interventions of the PPT. Further, I echo ski's thoughts that if someone indeed frontran the attacks then the quick reversal of their frontrunning is a bit of a payback but by no means all of it.