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

To: Oeconomicus who wrote (26545)	9/4/1998 4:31:00 PM
From: P.T.Burnem	Read Replies (2) \| Respond to of 94695

Daytraders usually start closing their positions 30min before the close. That said, I find it hard to believe that short-covering by daytraders could cause the SP500 to surge 1.5% points in just 30 minutes. PTB

To: Oeconomicus who wrote (26545)	9/4/1998 5:49:00 PM
From: Joss	Read Replies (1) \| Respond to of 94695

Hi RD, I was watching both the DOW and the futures. The futures rose first, IMO. A service I take saw large orders come into the futures both yesterday and today....their conclusion is that it is AG's PPT. I am starting to believe them. I felt that if we had another large >100 point down day today, we would see a melt on Tuesday....now I doubt it but I think Tuesday might be down anyway. If someone is spiking the markets...it will not alter the long term course of the markets. Steve