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To: Perspective who wrote (79448)3/13/2001 8:30:48 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
Thanks for your thoughts on this BC. All the news programs last night ran a segment on the carnage. We'll see if that prompts some unloading from the bleachers.

One has to believe in here that all the holders outside of J5P are going to ride this until it turns since they think they know this has to bottom soon. This is a very risky proposition. If the SPX does not rebound here for a good weekly close, then the hard barrier there for months or years to come will be 1300 +/-. Let's assume that the dung also remains net weak on the week. This would result in a resounding close under the 1990 TL that could serve to cap dung gains for a long time to come. Sounds like excessive TL perhaps, but once one is on the devil's dance card, there's no sneaking out the gym room door.