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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (9636)8/10/2001 7:09:38 AM
From: Clappy  Read Replies (1) of 209892
 
RE: Allan's Poll (something just sounds funny about typing that...As long as I don't say it with a lisp I guess it's O.K.) <g>

My reply: No.

My answer is weather related...
It's been miserably hot and humid in NY. A friggin' heat wave that sucks the life out of you.
At some point the suits have to walk from their Jaguar or Benz through the oxygen depleted air and into their office.
It it then that their mood shifts as they struggle to breath for approximately 5 minutes as they hustle to get back into the A/C.
This causes their boxer shorts to get mildly soaked with sweat and ride up with each fast paced step.

Everyone knows that you don't buy stocks when you feel uncomfortable like that.
You sell them.
Notice how yesterday the market came back around the same time it would typically take for the boxer shorts to dry out and for the large investors to have time to adjust themselves (a.k.a. visit the can and remove wedgie and tightness in crotch).

Today the heat wave has broken. Should only hit 90ish instead of 103 like yesterday.
If any of the tidy whitey traders show up to work today, instead of heading out to The Hamptons, they may be pumping the biotechs for a little while in the morning...
On Fridays, Volume dries up faster than boxer shorts in Air Conditioning. Therefore, we will not break through any lower support.

So there you have it. No, we will not violate any lows.

<BigVrigginGrin>

-AlRokersDonut

P.S. Allan, kindly keep your poll away from my donut...
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