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To: Joseph Silent who wrote (2738)7/23/1999 10:23:00 AM
From: Dalin  Respond to of 10027
 
Judging by the futures this morning, I thought maybe we had seen the bottom. I guess not.

BTY!

D.



To: Joseph Silent who wrote (2738)7/23/1999 10:38:00 AM
From: Sir Francis Drake  Read Replies (2) | Respond to of 10027
 
Joseph, the usual situation happened - rise in the morning, then massive selling.

*However* I did not see many big blocks flying. I strongly suspect, that it was traders shorting, not so much institutions unloading. FBCO, CIBC, MLCO relatively quiet.

I have the weirdest feeling from watching the trading, that we are at the bottom, or very close to it. Even though the market is getting progressively worse, NITE refuses to drop below 46. Of course, if the market just tanks horribly, all bets are off. But I have the uncanny feeling, that buyers are beginnig to come back.

Very interesting. No guarantees, but with just a bit of luck (market doesn't tank), this could be close to the bottom. Unfortunately, I am afraid the market does not look too hot going forward.

Morgan