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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (16304)	1/12/1998 1:27:00 AM
From: J.T.	Read Replies (1) of 50167

IKe, One question re your post. And believe me, I read your post with great care. We are at 927.50 SPU area right now. If I may use this analogy, but to not diminish the grave situation at hand: This is like a chess match. None of the Asian supports hold up and so the move goes back to U.S. markets. SPU not doing well, so we go from "macro" to "micro" view and look to INTC. INTC may make the #, but FORWARD PROJECTIONS GET MUDDIED so after INTC back to DOW and "macro" view and back to Asia ad nauseaum. This is "tail wags dog theory". My question is "If there are technical breakdowns in both the "macro" and "micro" big picture, and the fundamentals AS WE KNOW RIGHT NOW HAVEN'T CHANGED, won't these warning signs lead to a self fulfilling prophecy and ultimately lead to a "confidence crisis" and hence potential further market adjustment more than most can anticipate? I see your supports getting cut through like knife thru butter not b/c IKE did not do his homework, but b/c the market is NOW MAYBE TRYING TO TELL US A STORY WE TURN A DEAF EAR TO HEAR OR BLIND EYE TO SEE. Tell your little brother he is "wet behind ears". JT

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