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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: marquis103 who wrote (149)	5/23/2000 9:53:00 AM
From: SirRealist	Read Replies (1) \| Respond to of 24256

In part, the market drop I'm predicting is historical; it tends to run to a low before Mem. Day. Then we have lockup season in full swing still. Earnings are past; no upside incentive there. We have a Fed threatening more hikes, oil prices peaking, record trade deficit. Then the final 5 trading days of each month (which begins tomorrow) is when institutional investors (funds esp) swing back into action. They are gonna take profits from whatever's run up; that pressure from the top hurts everything below, and eventually, traders relent & panic ensues. Even from a TA perspective, yesterday's dip blew the last chance to keep it from happening. Or that's how it looks.