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To: Mark Fowler who wrote (62590)6/15/1999 10:14:00 AM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
> this might be a fake rally.

Doesnt make much sense to me, either. you'd think all those margin calls would be calling further cascade selling.

it's either a reversal, or the most obvious dead cat bounce ever. :) if you can guess which one, you'll make a ton of cash.

i prefer to watch from the sidelines..



To: Mark Fowler who wrote (62590)6/15/1999 10:16:00 AM
From: Sarmad Y. Hermiz  Read Replies (4) | Respond to of 164684
 
Mark,

>> this pop up in the morning is to fast and steep i think this might be a fake rally.

We had the first rally at 5 minutes past the open. Which faded to below opening prices. This second rally is more like panic buying. The volume is very very high for this early in the day. I think it will last. The only bother is the CPI worries. For now, they're not worried. By the close ? Who knows ?



To: Mark Fowler who wrote (62590)6/15/1999 10:25:00 AM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
Sarmad this pop up in the morning is to fast and steep i think this might be a fake rally.

Mark,

That is a valid concern. On the plus side, volume is good.

Glenn