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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (26281)	10/10/2000 2:18:49 PM
From: patron_anejo_por_favor	Respond to of 436258

<<dude, I think you called the top right on the exact second!!!>> Not the first time that's happened, I can assure you.<G> That said, I'll be plenty happy if we keep grinding LOWER...

To: chic_hearne who wrote (26281)	10/10/2000 3:08:05 PM
From: Perspective	Read Replies (3) \| Respond to of 436258

Be cautious with lessons "learned" in April. I'm always suspicious of things I think I've "learned". Sometimes, right when you learn them, they no longer apply. This IS different than April. I've been stressing this to Allan over and over again. The ONLY reason it didn't LLCF in April-May was the huge volume of Clownbux that ran to the rescue. PPT is impotent now. Without fund follow-on buying, they simply can't get it up. We are back to real market mechanisms, which means genuine bargain hunting and short-covering are all that you're going to see as long as fund flows remain negative. So, look for violent, short-lived upside surges during short-covering, but don't expect jams like we saw in April. They are out of money. The hemorrhaging in the Spoos is very telling. Money is leaving this market. BC