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To: Bonnie Bear who wrote (8017)11/15/1997 1:07:00 PM
From: studdog  Read Replies (1) | Respond to of 18056
 
Bonnie, I dont' buy into the conspiracy theories, especially regarding the government. I don't think AG wants to market to go up too much more, It ties his hands regarding interest rate adjustments too much.
If there is something propping up the indexes it would be market driven, i.e. index fund buying, big boys propping it up so they can get out etc.

Or, the fact that we are really not so much overvalued as I thought.

Karl



To: Bonnie Bear who wrote (8017)11/15/1997 1:18:00 PM
From: Joan Osland Graffius  Respond to of 18056
 
Bonnie, >It's strange that on friday there were no bad nas stocks.

This is my observation also, the buying was indiscriminant...could be the MM's were pushing stocks up indiscriminantly..unloading their inventory.
Joan



To: Bonnie Bear who wrote (8017)11/15/1997 1:24:00 PM
From: Elllk  Read Replies (1) | Respond to of 18056
 
Bonnie

Interesting post but re:

<<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>>

Can you say more about this dummy variable you are looking for.

Larry



To: Bonnie Bear who wrote (8017)11/15/1997 2:17:00 PM
From: Jack Clarke  Respond to of 18056
 
Bonnie:

I'm not sure what sort "dummy variable on the Nasdaq that acts like a volume indicator". I reviewed what I get on Signal, and the only ones I can suggest are as follows: $TRINQ (short term trading index),$TICKQ (cumulative tick), $DECLQ (declining issues), $DVOLQ (declining volume), $NCMP (national market composit index).

That's all I can come up with. Sorry.

Jack