[Starwind]

The act authorized the Secretary of the Treasury, to deal in gold, foreign exchange, securities, and instruments of credit,

So, assuming this 'dealing'/intervention is taking place today, what do they do? Buy indexes or actually pick individual stocks they deem influential (regardless of fundamentals)? Would they short stocks in international markets?

This would have to drive technical traders nuts.

[Blue Highway]

So, assuming this 'dealing'/intervention is taking place today, what do they do? Buy indexes or actually pick individual stocks they deem influential (regardless of fundamentals)? Would they short stocks in international markets?

This would have to drive technical traders nuts.<<<<

Shorting international stocks - good one.

[muleboy]

I am wondering the same thing.

It seems that the last report of BuyOnClose orders, issued at 3:40 EST, has a pronounced effect on the last twenty minutes of trading each day.

I wonder if these are the machinations of the "Plunge Protection Team" established in the aftermath of the Long Term Capital Management scare?

[arete]

This would have to drive technical traders nuts.

Whatever they are doing, they aren't going to be sharing the info anytime soon. Nothing quite like becoming a super secret government that doesn't have to be accountable for anything.

Yes, it is driving the TA people nuts as well as all us more fundamental people as well. New home sales (the whole economy rests on new home sales and refis) plunge and unemployment claims increase, and the market goes up? Got to keep Joe-6-pack and the buy and holders believing in the good tooth fairy I guess.

Richard W.