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

To: Dnorman who wrote (37139)	2/5/1999 12:49:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Dennis; I'm not buying dips. It surprises me that so many people fail to see the market is manipulated. Just looking at the FED action should be enough for most anyone with an average IQ to see it. Intervention almost on a daily basis , first one way then the next is not conducive to a "stable" market, ( what GreenSpam say's he want's ). Note the Dow is not falling as fast as the S&P , and being program trading curbs are fixed to the DOW, it looks like a lot of money is being slipped off the table as the DOW is propped up. -------------- In fact the action in Iraq is now suspect , it seems to coincides a little to much with Big oils need to get the price up. And they do have some clout. ------------- The result of higher oil prices is a lot like an increase in interest rates sometimes more so, or worse , running oil up at a time growth is falling sets up a bad situation, however that may not be reflected in stock prices until it's to late. I consider the last reports from the FED out and out contrived fabrications. I also think this short term in and out action of the FED, is in collision with what the investment bankers want, and helps the volatility so they can first set a bull trap then a bear trap for the traders who are outside the loop. Jim PS. If you look at all the spins they do with headlines you will also see who controls the PR ..they recently drummed out how Japan stocks have fallen so much, but look at the relative motion, ( via a dollar index ) Japan while hitting lows Yen wise ; is up dollar wise more than the S&P since the secret deals in Oct Smoke and mirrors. PPS The S&P on a relative basis is sucking hind tit just look at the WEBs, there is only one that hasn't beat us since OCT. Our indexes are not WYSIWYG indicators.