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Strategies & Market Trends : Steve's Channelling Thread
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To: Bosco who wrote (8759)12/8/2000 9:50:53 PM
From: Logain Ablar  Read Replies (1) of 30051
 
Bosco:

Personally I feel the market is more afraid of Gores pollicies than Bush's lack of knowledge (I won't say ability cause he did become Governor of Texas). Gore is not Clinton (Clinton would have won re election by a landslide). Clinton lead from the middle. Gore has to lead from the liberal side. Its how he ran his campaign and how he got the support / votes. Bush would lead from the middle.

I have a big concern with this scenario (the constitutional crisis we will be in) in that it makes todays action a bull trap.

I now agree and disagree with Zeev. I agree without the fear and still bullish sentiment we see 2,550 (I mistakenly thought a Bush election would start a rally and would mean we come back in February time frame, not next week. Unfortunately on a break of 2,600 I see the 2,000 to 2,200 area. I'm not worried about a margin call but am worried about losing value.

Right now all my stocks but two are under my stops so I'll be out of many positions on Monday (I'll see Monday am if I remeove them or not, since there may be a bounce. So unless the SC steps in we are lock limit down on Monday and that sets the tone until the FED meeting.

Market sentiment just changed back to negative with this ruling.

Tim
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