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Re: qwave post# 157934

Sunday, 10/05/2003 4:55:13 PM

Sunday, October 05, 2003 4:55:13 PM

Post# of 704041
The Problem is the tape don't show it..but you can bet the DIA tracks it.
so look at the DIA
http://finance.yahoo.com/q/hp?a=&b=&c=&d=9&e=&f=2003&g=d&s=DIA
opened at 96.32 ..closed at 95.92
----
and look at the SPY
http://finance.yahoo.com/q/hp?a=&b=&c=&d=9&e=&f=2003&g=d&s=spy
opened at 103.67 closed 103.39
---
Both of them closed lower than they opened..
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The run up was in futures and in the thin premarket volume..
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Also note the daily volumes of both
If the rally was for real ( considering the price move )
those volumes should have been a lot higher..
---
In short the futures gaped up things, the shorts stops
got hit , and the rest of the day was distribution
( a rope the dope, and hope he don't figure it out trick )
Still the way the tape shows the DJI opening
smells like a lot of rotten fish in Denmark.
----
I was looking at the open..the tape was change to reflect
what they wanted the mullets to see!!
The whole gain in the DJI and the S&P was
premarket, and the tracking ETFs show it
even though the NYSE skewed the opening print.






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Disclaimer Just Remember
"A man can fail many times, but he is not a failure until he begins to blame somebody else."

Jim

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