News Focus
News Focus
icon url

otraque

05/28/04 9:45 PM

#12672 RE: was Steve #12665

Been running through a lot of indicators and what we have is a mindbender, as AI said earlier on, the crosscurrents are indeed showing we are in fierce Bull/Bear Decision Point Battle.
Regards NASI i have focused on it's CCI has key to whether it will have a breakdown or a long bull run ups it goes and goes.
But i find the extraordinary difference in volume versus the same 5 days before Memorial day to be casting a shadow over the bull indications.
2.4 billion shares less traded this week than a year ago, a 24% drop in volume.
here's a new bit, as can get NDX100 volume data now.
What percentage this week of COMPX were from but the 100 NDX stocks. Answer 48%, whew 100 stocks grabbing 48% of the volume.
How many stocks are in COMPX???
I now have to ask a serious question how really really badly does WS want Bush to be re-elected???
As they do theoritically have the power by selectively feeding money to mega-caps to push inch by inch higher and higher indexes and still not get hurt when the sell-off starts--they simply buy puts before they dump.
If this were the case 12% of my ammunition would get, for the time being totally buried and i would have to wait and for the sublimely absurd levels to be reached to go to the big addition.
Point being, if WS has a major desire to do what they can for Bush to win---a vigorous market being their method, then Zeev's election year scenario would pan out-because WS has the power to do this.
So the Big question remains, does WS have a major desire for Bush to win????????????????????????????????????????????????????????????????????????