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mlsoft

08/27/02 4:24 PM

#19910 RE: jdaasoc #19885

"Can you make a summary of dates and prices that you believe PPT stepped in.
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jdaasoc......

Sorry, I don't keep any historical numbers, and the only dates I remember are right after 9/11 and the evening of 07/23-07/24. The other times were where we all felt the market was getting ready to fall off a cliff with a capitulation type sell-off, but the market did a huge reversal for no reason either during the day or in pre-market trading. I suppose you could go back through the charts and look for large declines followed by very large turn-arounds (those 200-500 point up days) that were accompanied by large upmoves on the dollar. There have not been that many, so they should not be that hard to identify.

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"Does it show any recent propencity to increase the strike price at which they act or is it only when full panic has set in."

Like I have said, in the past, they seemed content to stop panic selling and just get a good rally started. The period since 07/24 has been the first time that they have continued to show up at each sign of any downturn in the rally, cranking up the $USD a bunch in the process - and really it has only been since 08/05, when the markets were hit with all the bad economic news threatening the initial rally they created on 07/24. I suspected at the time that the downside reversal into 08/05 came before they could carve out a rescue of Brazil and move the money center banks back up out of harm's way, but it persisted long after that was accomplished.

Hope that helps.

mlsoft