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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (27676)10/12/2000 10:07:48 PM
From: AllansAlias  Read Replies (2) of 436258
 
Yes, the VGY breakdown is quite something. Breathtaking. Things looked so different when it was breaking out in Aug. Now we are back to 1998 levels. Just breathtaking.

Another similar bull stalwart was the midcap. Look at it now. Today it breached the 1998 TL and closed just under the 200 dma. Just awful.

The financials -- ugh! Why in the name of all that is good do I not have puts on the financials? Stoompit!

I want to see a bounce here, but the damage is so extreme that I think it a decent chance that we are headed to the crapper after holding for a few days.

BTW, when I asked about wave 3 on COMPX, I meant that I see us still in 3 of 3. Do you? If so, we have to make a 4 and then tears, lamentations, bewilderment, front-page coverage, and margin-calls.

See the H&S breakdown on BA? The old-econ giving since the SPX gave up the Jul/00 low is startling.
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