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

To: William H Huebl who wrote (27981)	9/15/1998 9:00:00 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 94695

It's out to get me!<GGG> Gersh

To: William H Huebl who wrote (27981)	9/15/1998 9:07:00 PM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Bill, This one's for you!!! biz.yahoo.com Thanks pal! BB

To: William H Huebl who wrote (27981)	9/15/1998 9:34:00 PM
From: Andeveron	Read Replies (1) \| Respond to of 94695

>> Somehow I don't think the MMs have all that power compared to the markets themselves. << I used to believe this as well. However, there have been occasions where the market took inexplicable turns that defied rhyme or reason. Last October, after the massive plunge on October 27, the morning of October 28 also started down roughly 200 points right into the open. Then, it stopped on a dime and blew up a couple of hundred points to the biggest one day gain ever, then. When the market dumped a couple of weeks ago, there was a point in the trading day where the DOW was down over 350 points and selling was heavy and pouring in. Something during the panic wafted the DOW up so that the loss was only 250 points. This happened in the space of minutes. But then the selling ran rampant again and we ended down over 500 points. Right after the market closed that day, Globex shone like a beacon, with 20+ point gains on the S&P and Nasdaq futures. This can be attributed to sanctioned manipulation but heavy positions moving in and out of the market will move the market. Buy programs affect the direction of a market on whim. There are many players out there who see the buying coming in and traders jump on the trade to piggyback on it, adding to the liquidity and momentum. Works both ways, buy and sell programs will nudge the direction and the rest of the market will move in unison. There have been interesting days when the futures traders in the Chicago pits and the New York boys have gone in different directions but eventually, one wins and the trend is established. Big players control the direction of this market. They buy, everyone buys. They sell, everyone hopes that they got a bid that was above their purchase price. Right now, they're buying. When they unwind, look out below...