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

To: Tommaso who wrote (28228)	9/17/1998 7:51:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 94695

The market is too big for manipulation. >>>>>>>>>> you are entitled to your opinion...but I guess the governing body of the brokerage house that got fined for manipulation on the OEX doesnt agree with you

To: Tommaso who wrote (28228)	9/17/1998 7:56:00 PM
From: HairBall	Read Replies (1) \| Respond to of 94695

Tommaso: The market is too big for manipulation. Sorry buddy, but that sounds very naive! Regards, LG

To: Tommaso who wrote (28228)	9/17/1998 9:22:00 PM
From: Andeveron	Read Replies (2) \| Respond to of 94695

>> The market is too big for manipulation. << Yes, the whole market is too big to manipulate efficiently. What controllers must do then is to spike futures or individual key issues to show a positive print. For example, the Nasdaq is weighted heavily by MSFT, INTC, CSCO and other blue-chip techs. One tactic would be to buy these en masse, or at least throw 10 or 20 million at each issue. Chump change to a player like Goldman or Merrill. Momentum players notice the upticks and the buying coming in on their L2 screens and they join the run. Even better, issue a buy rating on an issue or initiate coverage to garner interest. Before long, momentum is achieved and you have a full blown tech rally. When one major index rallies, the others usually follow in lock-step. If there are short positions open, price spikes will fuel more buying as shorts are caught and have to cover. The possibilities are endless and much more sophisticated techniques are probably used to achieve the needed results. There is manipulation in the markets but I'm not so sure that was what we saw in the past couple of days. Many were honestly expecting Greenspan to assuage interest rate hopes and they built positions on that sentiment.