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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (14834)	4/21/2001 10:56:44 AM
From: ajtj99	Read Replies (1) of 30051

I would think we'd need at least another 2-months of GDP figures before we could start to speculate about an October scenario, which could depend on the market's determination that a V-shaped bottom is in. Obviously, October most recently has been a dark month for the markets. If we see GDP contracting in the 2nd quarter as well as in July, with some improvement in August, September will be the pivot month. That would set up a scenario where we could continue a climb from September or plunge into the Pit of Despair. Tax loss selling by the funds could seal an October bottom.

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