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To: Michael Watkins who wrote (83168)3/20/2001 9:54:41 PM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
The reference point you're using for a bottom was when the Fed first did that emergency rate cut in October, 1998, to keep LTCM from destroying the currency. We're already below the August, 1998 high we reached right before the second round of "Asian flu" hit.



To: Michael Watkins who wrote (83168)3/20/2001 10:13:37 PM
From: pater tenebrarum  Respond to of 436258
 
yep...i still expect a true climax day though, which will primarily be identifiable via the trading volume accompanying it, which should be 2 to 3 times normal.
wouldn't rule out a day of total chaos somewhere along the line...with temporary suspension of trading, as per the new rules.