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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (39398)4/13/1998 11:01:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
So it's Government Intervention, then.

Historically GI fails in the short run. This is tied up with the Yen/Dollar stuff from last week, then. I would think this is a bearish scenario. The two governments ar trying to manipulate the market.

So the Fed sells to drive down bonds to sell to the Japanese at lower prices to compensate for Greenback selling and Yen buying and the Japanese come in late and drive the Bond higher.

I think traders tomorrow see through this and whack 'em. I wish I did not have a golf game scheduled. The AM should be interesting. I think it will probably be one way. A gap opening and then a reversal in the opposite direction all day. But I don't have a handle on which way.