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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (13343)	9/13/2001 10:34:06 AM
From: velociraptor_	Read Replies (1) of 209892

You make some valid points. In general we don't know the extent of the impact on the market just yet and that is my premise. We have news, EW, charts, etc, but a lot of that can be thrown out the window on the first day or so as emotions will run high. Could there be a bounce? Absolutely. The question is from what level, and then how far does the bounce go? Just as an example, the Hang Seng dropped about 920 points the other day. Today it closed up 75 points. Was that a bounce worth playing? Will it go up more? Some markets have bounced a little more, some have yet to bounce at all. And where will they go tomorrow? Finally, when our markets open and if it drops, how will world markets react again as the first reaction was to the news and may not have been a reaction to our markets just yet. Too many factors in the equation so while educated guesses can be made, I think to expect the unexpected would be a more adequate summation. By the way, my sincere thanks in a civil debate...a quality lacking over much of SI these last few days. This is how things should progress when people disagree over matters.

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