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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (27891)10/13/2000 10:20:07 AM
From: Perspective  Read Replies (1) of 436258
 
So - do we have SUCKER stamped on us, or is this going to fail? I kinda feel like it's a case of Wile E. running off the edge of the cliff, and he just hasn't realized he's out there yet. (borrowed that from somebody, can't remember who)

I know we're overdue to rally, but as the Nikkei chart demonstrates, it's possible to do these things with as little as one day here or there of bounce.

I'm entirely open to the notion that it's "sell the rumor, buy the news," but I don't see how people would want to hold longs over this weekend. Trim-tabs backed up what I was saying, more outflows, and this weekend they may even begin to accelerate. Even the Clowns would be hard pressed not to see the problems ahead. Soaring fuel costs, rising inflation, slowing tech sales, falling stock prices - this is shaping up to be a lousy Christmas quarter.

BC
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