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To: Perspective who wrote (17585)	9/12/2000 11:24:39 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

ROFL!

To: Perspective who wrote (17585)	9/12/2000 11:31:46 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

that's simple - the trends supporting the bubble economy have persisted for such a long time that nobody wants to believe they may be ending. in addition to that, the government's statisticians do their best to keep up the mirage in the run-up to the election, which in turn leads to a series of totally wrong policy decisions, both by the Fed (too lax) and businessmen (investing in overcapacities, mostly on credit). once the expansion of the credit bubble meets with its natural limit, things will reverse very fast. that is what most people refuse to acknowledge - the reversal of a credit bubble based overheated economy is an extremely rapid affair. it will be like a strike of lightning...

To: Perspective who wrote (17585)	9/12/2000 12:16:00 PM
From: LLCF	Respond to of 436258

<J6P is finding he actually has to service all that debt he's amassed.> Ho ho ho... only for the moment!!! ha ha, got bank poooooooooooots??? <Meanwhile, inflation is working its way into things with roughly the same six-month lag assumed to delay the other effects of monetary policy. Why don't people understand THAT? > Yea, those teachers out on strike understand that!! Of course they aren't important in todays society [at least in the U.S.] so have taken the brunt of the hedonic price cuts in education, so they can GFThemselves. DAK

To: Perspective who wrote (17585)	9/12/2000 12:16:50 PM
From: AllansAlias	Respond to of 436258

Good post. Your point about the difficulty of defending a rising MA is a good one. It applies even more strongly to rising TL support. As you know, but others may not have considered, as something like the NASDAQ drifts "right", the older rising TL's come into play ever more closely to price. ------- Short up 9 points... yawn... It's been a decent day so far, so I have have just set an alert and am willing to give back 4 or 5 points in order to view this as an "intraday position trade". -g