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To: Boplicity who wrote (25733)4/13/2000 5:28:00 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 42523
 
Could be. But we should have a delayed effect if people are cashing out Mutual Funds. Those guys were at record low cash levels going into April, and a lot of them committed what reserves they had on Tuesday 4/4. There will be more margin calls tomorrow, caused by the carnage on Tuesday (and no rescue since then, unlike last week). The put/call ratio will be interesting (I think it'll be over .70 today, but who knows). The market is hanging on by a very, very narrow thread. If we close out the 'dung below 3649 tomorrow, the chance of a BK on Monday goes up substantially.....



To: Boplicity who wrote (25733)4/13/2000 6:02:00 PM
From: Bearded One  Read Replies (2) | Respond to of 42523
 
I spoke to a trader today. 'They' tried to rally the Nasdaq three times today, and it failed each time. Furthermore, the volume is down because there are no daytraders left. They are wiped out. Daytrading offices are closing.

Tomorrow may be one for the history books.



To: Boplicity who wrote (25733)4/13/2000 6:31:00 PM
From: RocketMan  Read Replies (1) | Respond to of 42523
 
We need Tokyo Joe back to settle this market. We never had this crap when TJ was around.



To: Boplicity who wrote (25733)4/13/2000 8:21:00 PM
From: fedhead  Read Replies (1) | Respond to of 42523
 
That means we are close to a bottom.

Anindo