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Strategies & Market Trends : The Millennium Crash

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To: Cynic 2005 who wrote (1499)	11/6/1997 8:50:00 AM
From: Arik T.G.	Read Replies (2) of 5676

Moahn, THIS TIME IT'S DIFFERENT (as the new era saying goes) <<Launch control Due to unstable weather conditions crash off was postpond to next week. Take your time. Do whatever is necessary. This time I don't want to hear "Houston, we have a problem!>> 1. T.A. followers all agree the market doesn't look good. From candlesticks to moving avareges, it all looks negative, not to mention we've completed Elliott's abc correction up and about to embark on the 3 down, the 1 being the drop from SPX's high at 980s to 850s, and the 3 should be bigger! 2. Bears on SI survey reached new low the day after SPX peaked, and high after the big drop, remained high. Bears were not that intimidated by the sharp correction. 3. All we need is a nice drop today, below OEX 890, for confirmation. Happy crashing ATG

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