So what's with the market upturn beginning at 12:00, and again at 2:15?

Is the market being supported? Will we get a positive for the day?

Or will the last 1/2 hour be another bloodbath like Friday?

-- Duke1983 (Duke1983@aol.com), January 31, 2000

Answers

My vote's for the bloodbath.

-- (cashtradr@aol.com), January 31, 2000.

2:12pm CST-Dow-+188, NASDAQ-just went green....oh well

-- Kyle (fordtbonly@aol.com), January 31, 2000.

There are 1300 more losers than winners on the Nasdaq at the moment (3:15pm EST) while the Nasdaq is at about break even. Not a good picture!!

Ray

-- Ray (ray@totacc.com), January 31, 2000.

no way, it's going up(+150 DJ, +40 NASDAQ). It basically is manipulation, inject a bunch into the market before the quarter point rise in fed rates to keep the masses happy.

-- matt (rfp@mail.com), January 31, 2000.

The "intervention" had perfect timing and was massive. Those hedge boys must really be on the wrong side of the curve ,for them to do what they did today.

-- James (brkthru@cableone.net), January 31, 2000.

Amazing, really. Indices took off around 2:15PM and haven't looked back. That is one huge mess o' cash that can move the Dow, S&P500, and Nasdaq COMP like that.

The broader markets? Well, that's another story entirely. As of 3:15PM, the A/D line for both exchanges was ugly:

New York Stock Exchange: 1,283 advancers, 1,695 decliners, 690 million shares. 14 new 52-week highs, 141 new lows.

Nasdaq Stock Market: 1,334 advancers, 2,755 decliners, 1.119 billion shares. 56 new highs, 90 new lows.

-- DeeEmBee (macbeth1@pacbell.net), January 31, 2000.

Russel 2000 still down 1.5% @ 3:53est Wilshire small cap down 1.3%

It is amazing how the watched indexes can move like that, yet leave the rest of the market behind

-- Duke1983 (Duke1983@aol.com), January 31, 2000.

Narrow sector with a lot of weight.

-- James (brkthru@cableone.net), January 31, 2000.

1,000 more losing stocks than winners on the Nasdaq at the close while the Nasdaq Index was up about 54 points. This has got to be a record for an up day with that many stocks down.

Ray

-- Ray (ray@totacc.com), January 31, 2000.

WOW, 5 and 10K blocks of INDU trade just @ 16:00 ET
as I type a 17K block went by...
19,275 shares @ 16:03:29 ET @ $10940.84 each !!!!
Who can play with this level of funds?

-- Possible Impact (posim@hotmail.com), January 31, 2000.

Anyone got the current cap-weighting for the Comp? I seem to recall that there are about 20 stocks (QCOM, INTC, etc.) that have enough total weight to move the Comp in the absence of a broader rally. Given the diff between its behavior today (ended +1.4%) and the Russell 2000's (-1.5%), whoever or whatever intervened today must have bought a ton of the heavyweights in the Comp.

-- DeeEmBee (macbeth1@pacbell.net), January 31, 2000.

One single trade involving over $210M. The mind boggles...

-- DeeEmBee (macbeth1@pacbell.net), January 31, 2000.

Question:
When watching $INDU (Dow Industrial Average Index) are you seeing the underlying stocks composite or people actually buying a product named INDU that is composed of the underlying stocks? If the question is not phrased properly please feel free to jump in and explain.


An enthusiastic amateur.

-- Possible Impact (posim@hotmail.com), January 31, 2000.

OBTW: I was a spectator at

-- Possible Impact (posim@hotmail.com), January 31, 2000.

better link...

OBTW: I was a spectator at Quote.com's Livecharts



-- Possible Impact (posim@hotmail.com), January 31, 2000.

A new trade was posted @ 16:30:14 (way after close)
Price:$10940.53
Size:20258 shares

Was this just the 'mop-up' of all the 'straglers' at the close?
Does it take this long to account for trades? (Shouldn't it be about 2-3 minutes?)

This is 221.6 million dollars, can this be a single trade?
I apologise if my questions seem silly, but what I am seeing makes no sense to me.(not that uncommon, sigh...)

-- Possible Impact (posim@hotmail.com), January 31, 2000.

I continually wonder WHY TPTB keep funneling money into the few stocks that keep the indexes up? They KNOW that there will come a point when even they can't prop them up any more, so why bother? Are they trying to get past a certain point on the calendar? Why don't they bail right now, take their profits and run?

-- A (A@AisA.com), January 31, 2000.

Any chance this money is from OPEC? They've certainly made enough over the last few weeks to account for such large dollar volumes...

-TECH32-

-- TECH32 (TECH32@NOMAIL.COM), January 31, 2000.

Don't forget,these Guys are global Players,they just keep shuffling the Paper,where it looks the Best for the Moment.

-- Liberator (Feeding@the Trough.com), January 31, 2000.

Weightings for Nasdaq100 can be found at: http://www.nasdaq-amex.com/asp/nasdaq100_activity.stm They use a formula for the weightings and it is not based strickly on market cap.

-- Dave (dannco@hotmail.com), January 31, 2000.

It was an inexplicable "bump" - but I saw little mention of it in the overnight financial "news" reports.....

-- Robert A. Cook, PE (Marietta, GA) (cook.r@csaatl.com), February 01, 2000.