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Strategies & Market Trends : The Millennium Crash

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To: Cage Rattler who wrote (1702)	11/25/1997 10:15:00 PM
From: Staff	Read Replies (1) of 5676

Ted.. here is just something for thought. Decent day today trading the Dec S&P by the way. Had some nice swings both ways. My work tells me 957 to 957.50 should hold any rallies while 959.50 would totally scramble the charts. If we get a bounce it might be an area to take a look at fro a sale and a resonable stop in a loony tunes market.. Check it against your charts and see if it looks any good to you. Looking to sell it if we get back to todays highs or above a few points tonight. Should be a thin market tomorrow with the holiday and all. Anyway. Posted this in response on another thread but thought you might get a kick out of it: >>the ruling Liberal DemocraticParty has drafted plans to use public funds to strengthen the Deposit Insurance Corp,<<< Sort of like Ruben announcing that we are going to dip into your safty deposit boxes for more dough because everything we had inregular folks checking accounts we already tapped out :-) Think I'll call my Grandma and tell her to start taking out all her cash out of the bank. Maybe just bury it in little jars in the back yard like in 1929. At least the G7 and others like them won't know where it's burried in the event they need to play the same game next week in the US. I love the recent news report : >> Yamaichi said on Monday it would close down following revelations of hidden debts of 260 billion yen partly created through improper "tobashi" or "pitching" deals, in which loss-making portfolios are shifted from client to client with a pledge that the paper losses will be covered. Opps... guess they fibbed! And they say only Vegas is run by gangsters? >>> The closure of Yamaichi, which was the smallest of Japan's "Big Four" brokerage, is casting a long shadow over shares in other brokerage houses by fanning market speculation that more brokerages may have followed Yamaichi dealings, brokers said.<<< We do this and we all get a room for life in OZ ( or pick your prison of choice):-) they do it and they use hard working peoples saving to save their Mercedes from being reposessed. Sounds like they thought up some great new fiscal policy during the latest meeting. I wonder if it was Clintons idea?

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