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To: stkboy1 who wrote (138415)	11/10/2006 12:00:51 PM
From: bcrafty	Respond to of 209892

OT: I've read some of Lee's fine work too, but instead of the showing a reliable correlation between POMOS/REPOS and equity market activity, the Fed's activity seems to sometimes show the intention of the Fed with respect to support of the equity markets. Here's a prior post of Lee's on the topic, and you might note my reply to give you an idea of where I'm coming from as far as the usefulness of this info to actual trading decisions. Message 22033699 Can't see a market going down if you have constant liquidity being pumped into the market It happens more frequently than you may think; for example look at the activity between 2/04 and 7/04 in the chart in the post below: Message 22031312