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To: donald sew who wrote (26856)	10/24/1997 12:06:00 PM
From: Electric	Respond to of 58727

Don, I heard the same thing, INTC at 80 or lower, IBM at 95 etc, very interesting observation. I feel that we will have a recovery this afternoon with the dow down 100 and the naz down 20+ We need to talk about craps again... ~gggg~ Electric

To: donald sew who wrote (26856)	10/24/1997 12:06:00 PM
From: Carlyle	Respond to of 58727

Donald, I have been wondering the same thing myself as of late. I would like to think that a market this size could not be so easily manipulated, but I am beginning to wonder. Any ideas on where the SOX might land? Carlyle

To: donald sew who wrote (26856)	10/24/1997 12:10:00 PM
From: Autumn Henry	Respond to of 58727

Don, he said he would be interested in IBM at 95 and INTC at 80.......I thought of him today too....wondering if he was buying or lying.......:) Autumn yes, the techs are to come down to be able to be boughten in the Nov up time and money is coming in again to be put to work hence today was a great time to hurry the techs down for the sale process. btw bulls**t knives are still knives......waiting to use one for me not against me

To: donald sew who wrote (26856)	10/24/1997 12:13:00 PM
From: Fred Weiss	Read Replies (1) \| Respond to of 58727

No disagreement here Don. I've seen over and over again the greed of the Wall Street establishment and their gross manipulations. They don't even blow in your ear or kiss you when they stick it to you. Some of the charts I seeing taking big hits are doing it on very little volume, which is to me an obvious indication of the manipulation. The question still remains as to the Long Bond divergence and whether we will see the reverse as a signal of a reversal. Regards, Fred

To: donald sew who wrote (26856)	10/24/1997 12:25:00 PM
From: Tom Trader	Read Replies (2) \| Respond to of 58727

>>Sorry to sound so negative, but I just have to believe that there was manipulation involved, especially being a technician.<< Hi Don--the last thing that I want to do is to start another debate on market manipulation but let me give you a scenario that has nothing to do with manipulation. First the market was over-valued and some sectors were ridiculously over-valued. Second, we have gone up almost in straight line without any correction to talk of. Third, there were momentum failures during the last two rallies and the market was not been able to take out its recent highs. Fourth, there were real problems in the sentiment arena, with excessive bullishness, heavy specialist shorting and heavy insider selling. It was suggested more than once that with the favorable interest rate environment and flow of funds into the market that it would take an outside event to start a decline and the problems in SE Asia and then the decline in HK was the catalyst. I personally don't see that the Asian situation can have that much of an impact on the fundamentals here other than on a company specific basis but that is not to say that it may not be the reason for a much needed correction. As far as INTC is concerned--the company issued several cautionary statements regarding revenue growth and declining margins. So I think that it is a mistake to attribute the recent sell-off to manipulation any more than it was manipulation that sent prices up dramatically over the past year. Regards