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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (2842)8/31/1998 1:02:00 PM
From: Tom Trader  Read Replies (1) of 44573
 
I think that it is more than margin calls at this point

I suspect that the closing of the gap this am may have been, in part, the impact of selling caused by margin calls but the selling pressure thereafter was caused by new selling. There must have been a lot of stops around the 1000 level.

I can't believe that there would be a lot of people actually holding long positions over the weekend--but I guess it takes all types.

I'll look to short at a level where my stop limits the damage if I am wrong--otherwise, I'll just have to sit it out.
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