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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (7260)	10/26/1998 5:06:00 PM
From: Patrick Slevin	Read Replies (1) of 44573

<Are you thinking the trading effects of a computer breakdown this afternoon will last into tomorrow? > No, not at all. Just the uncertainty of the breakdown would tend to make people skittish. The market was moving up....the market halted....people had time to think and bailed out. This does not seem unusual to me. Then, on top of everything else you had a market that was up until the closing hours and people closed out long positions. I think I said before Lunch I would come back to sell the last hour. Give me some credit. Breakdown or no breakdown an up market at this stage of the game would have sellers in the late going. My problem is I left too late to get back in time to put a trade on. But it seemed like the right idea at the time....if they were going to bring it up all day then they would bail out late and they did. Beginner's luck, I guess.

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