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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Dealer who wrote (8398)10/17/2000 8:39:33 PM
From: Dealer  Read Replies (2) of 65232
 
<font color=green>ARCHIVE: OCTOBER 19. 1999

With CPI due out in the morning.......thought I'd throw in this Archive.........from last year!!! I found it interesting.

To: marginmike who wrote (45282)
From: Voltaire Tuesday, Oct 19, 1999 9:18 AM ET
Reply # of 83912

The CPI numbers were better than a stick in the eye but they are still part of the overall Bulls---! Means very little. The market will move upward on a consistent basis when the TIME comes. Should be the third week of November. We will probably get most of what we lost on the NAZ yesterday but little more. The DOW will probably be rather stable. BTW - the silent spokes person for Houses Abby did speak as I said she would and guess what she had to say, last week's PPI numbers were SKEWED of all things, extremely beneficial to the Houses that picked up all those cheap shares wouldn't you say. SKEWED is something I would think would be subject to INTERPRETATION! The good news is there will not be a severe correction and we can begin to look forward. Expect the scenario we experienced this week to occur again the first week of Nov.
Yesterday the Long Arm MM's simply hung onto the trunk of the tree (DOW) and leaned over and plucked a lot of fruit from the limbs (NAZ).

For God's sake do not buy any stock at the open this morning!

From the porch,

Voltaire
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