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To: Cynic 2005 who wrote (27501)3/24/1999 3:13:00 PM
From: Merritt  Read Replies (1) | Respond to of 86076
 
MMV:

Yeah, it looked to me as though some entity(ies) were trying to "paint" the chart - as soon as the nine bar average on the hourly chart got near the price, there was a spurt of buying pressure. Looks, for now, as though they ran out of money...I guess the Fed will have to some more repos...maybe a lot if we start incurring casualties.<NG>