Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: $Mogul who wrote (97435)	4/17/2000 2:23:00 AM
From: KevinMark	Read Replies (1) of 108040

>>>Scalp only but realize that the MM's are going to be FIERCE and HARSH with no cushion with a heavy Bias on the down tick.<<< Brandon, I totally disagree. If anything the MM's desperately want to get rid of their overflowing inventories. This ship turns around by late tomorrow or Tuesday, but I must admit that in May, after doing some research this weekend, we may see 2000 before the FOMC meeting. Then depending on that meeting, we will have a slow rise and then trade sideways till late next year. From what I can see, the technical damage done here will take about 8 months to repair. But remember this, greed can get the best of a trader on the SHort end, as well as the long. I don't see how we can go much lower than 2900 in the short term. KM

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