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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (14006)	8/5/1998 6:45:00 PM
From: FJV	Read Replies (1) \| Respond to of 42787

What amazes me is that the market had the audacity to tank prior to the Goldman Sachs IPO. I guess it's time for Abby Joseph to start banging the bull table on a more regular basis <g>. Yeah, typically a bear would require higher interest rates or inflation or a war. But then again none of those phenomenon existed in 1929 either. All that was required was a worldwide bubble bursting. Franco

To: KM who wrote (14006)	8/5/1998 6:51:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Derivative based trading in a situation like this would move the market up, not down. They would trade on the momentum that they can produce in the market. This approach is not happening now. Running stops is for markets that are not going anywhere. If this is all they are up to in their hedged position is that of running stops, which IMO is doubtful that this approach is being taken by them, than they must feel that the market is not ready to go up. Otherwise the hedged players (hedge funds) would of bought stock at these levels with both hands, held as the market goes up, and then dumped into strength. Bob Graham