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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: studdog who wrote (8016)	11/15/1997 1:00:00 PM
From: Bonnie Bear	Read Replies (4) \| Respond to of 18056

Karl: something real fishy going on here. Take a look at the "groups" on SI. All groups, and there must be a hunrdred of them, are up, some by multi-point gains, some that just lost their customers with no future are up sharply, it's as though somebody poured money indiscriminately into every listed stock in the nasdaq. Does anybody know if there's some kind of dummy variable on the Nasdaq that acts like a volume indicator? I accidently stumbled onto such a thing once, can't find it now. If the feds flooded the market with liquidity and said "support stocks now" I think we'd see something like this. It would ideally be done on a Friday afternoon so Joe Sixpack would think all is fine. This might drift along for a few days and then redistribute in a selloff. I got out of my SPY short after noticing that the indexes are heavily manipulated. But sooner or later the bad stocks have to come down from outer space. It's strange that on friday there were no bad nas stocks. Very fishy.