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To: re3 who wrote (37797)	5/1/1999 3:18:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 86076

but I don't believe in conspiracies... Howard, I'll take a layman's stab at this..... I believe the market wanted to sell-off yesterday in light of the GDP and crashing bond.....the writing is on the wall....inflation is creeping in,,,,,,whether they like it or not.....the feds hand will be forced to raise rates in the near future......the market is outrageously overbought.....and we need a breather even if the market is to continue its climb.....so, the overall sentiment for the market yesterday was weak and sell was the word of the day......the upgrade on GE didn't even leave GE positive----a very very bad sign,,,,the selling began after the market got the traders in a froth at the opening,,,,then, it was a slow unload from there until the selling reached a crescendo in the afternoon as the bond's crashing continued unabated into the close of the bond market......after that, the selling was loud and there was a sell-off in the making.....a brokerage house or two then realized that we can't have panic in this market....so they bid up the few dow stocks to settle the crowd down....the traders have been conditioned to buy on the dips, and when the buy programs were initiated, the traders joined in for the run back up....the traders couldn't get back in quick enough after being whipsawed out of their holdings because their stops were taken out.........so, the market was supported.....and joe-sixpack just sees a little negative on the dow and positive naz and say, big deal....and the beat goes on. now, if you want to know about Chappaquidick or about the grassy knoll....let me know....-eg-