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To: B.REVERE who wrote (55071)	10/8/1998 9:33:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 58727

something to watch +GROUND ZERO (30892 ) From: +bearshark Thursday, Oct 8 1998 6:06PM ET Reply # of 30939 GZ: I unloaded my puts at DJI -200 plus. When the treasury interest rates reversed and went up it was saying that money was being made available for something. I was not going to wait to find out what it was. I was also scared that the GreenRub boys were going to surprise us tomorrow morning because of the 13-week treasuries. A profit taken is always a profit. ------------- p (30902 ) From: +Andeveron Thursday, Oct 8 1998 5:52PM ET Reply # of 30939 >> I have to ask myself whether they reflect real underlying bullishness or are just plain manipulation. << Looking at today's trading records, there was a gap at 3:46PM on the Dow where it went from -90.62 at a tick of +12 to -47.11 at a tick of +295. This happened in less than a half of a minute. I doubt if a tick of even +2000 would be able to pump the Dow that much that quickly... I believe it was gargantuan futures manipulation to spike it up in this manner. Saw it yesterday also. >> A possible sign of weakness is that they no longer seem to be able to manipulate the SP 500 atwill, just the Dow. << True, but all they have to do is pump the Dow up, the rest would move in tandem, albeit at a slower pace. Buyers and traders need to see something positive; the Dow remains the popular indicator for the market even if it is incredibly misleading. Someone looking at tomorrow's paper will notice the mild decline, which tells nothing of the -250 point drop intraday and the massive selling in the morning. Based on today's action, I think we have a strong rally tomorrow. People are still too eager to jump into stocks such as DELL and MSFT at what they deem to be bargain prices. Last Friday was a knockout punch, however misleading, to the Bears. Think we'll have deja vu...