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Pastimes : The Big Tex House of Coin

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To: Jeff who wrote (17600)	3/20/2001 3:32:17 PM
From: h8_2_b_l8	Read Replies (1) of 19297

Market barely flinched when flying through 1900. If we don't finish up from here, a lot of the people that are still on margin hoping for a Fed rally will be toast. We're in danger of a new 52wklw on a closing basis. A break of 1867 could start a 3-4 margin selling slide. Tax day selling could be similar to end of year tax loss selling. There are a lot of insiders that exercised options but did not cash out, leaving many with tax bills larger than their net worth. There could possibly be desperation selling in many of the stocks that are already down the most. Should be good money on the way up when it's all over. Some good resistance points on the way up: 1923 1974 2030 2124 2243 About 92% cash waiting like you for some clearer signs. No need to be a hero here.

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