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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robnhood who wrote (19667)	6/2/1998 11:07:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 94695

rrman .. Re:"looks to be computer generated." You mean that the computer generated buy the dip I've been watching is new? Whip lash bash! Gersh

To: robnhood who wrote (19667)	6/3/1998
From: James F. Hopkins	Respond to of 94695

RRman; I'm not saying they want to break it to a new low, they just want to scalp it, and keep enough volatility to do so, I just see it slipping down more than breaking down. Both calls and put volume was high to day, that will set up a trading range..but over all pressure is down. About 20% of all volume on the NYSE is now computer program trading. That's enough to make it spike and dip, or weave like a drunk. When you have strong opens and it deteriorates during the day you got a weak market. I put out a list of index funds several days ago, their NAVs track the indexes so close it's un real yet they have cash inflows and out flows, and expenses to make, salaries to pay they all run computer programs that scalp enough to keep the NAV in balance in spite of their expenses.. more coming on line to. ( the over all effect to the market is a negative one ) it takes more buyers all the time to keep the market up so that it don't fall under it's own weight, how long this can last I don't know. Millions of people are invested in the market via pension funds who have no idea what is going on and never even look at their 401s etc. Before it's over my guess is half the pension money put in the market will be skimmed off. There are some funds that have done nothing but go down hill for years, yet they got some Yo Yo who never looks sending them money every month. Some of it is so bad it's hard to believe, not only have the NAVs gone down year after year..but millions of dollars have rolled into them ( and into some black hole ) it looks like they might be set up that way, and the guy running the pension fund for the workers and sending in the money must be getting a fat kick back. It looks like the SEC and justice Dept mostly just sit on their can, or do just enough to make people feel secure. Pension funds are getting creamed left and right. And now they want to put S.S. in it. And you don't even have to be in the market to get took, look at what happened to the TAX payers money of Orange County. They say it was risky plays, on derivatives , hey man give me a break ..it was a scam. They never caught them till it was all gone, big deal but what did they get back, ( that piece of crap bought the junk stuff from another source; stuff that was a known losser that they wanted to dump so in collusion with the seller he gets some under the table perks, and the TAX payers of Orange county get the shaft. The market is chuck full of this crap. Jim