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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: John Pitera who wrote (27992)	7/19/1999 2:19:00 PM
From: John Meade	Read Replies (2) of 44573

John & Chip, You might want to consider the following as well; We are supposedly heading in to what Leo Hood calls a "tech nuclear winter". He says that 75%-80% of of all purchases that have been fueling the tech companies growth are from corporations vs (People like us geeking out on four monitors and a hot PC) He states that these corporations have put a complete freeze on the purchasing of any new equipment until after the new year in order to see what happens with y2k. On Friday, I spoke to a friend of mine who works for FEDEX. He said that the district manager called all the employees in for a meeting and told them that FEDEX wanted to upgrade systems but will not be doing it until after y2k. He then preceded to tell them that the company is also worried about 9/9/99. Leo Hood also pointed out the VIX in relation to last years correction. This much complacency means that even the taxi drivers (Dumb Money) think all you have to do is buy, buy, buy. Not a good sign. PS. Chip tomorrow is an Ashtami (8th) day that I mentioned. Should get very wide swings (VOLATILE) John

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