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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (13236)	9/12/2001 5:25:32 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 209892

<<The market will be propped up temporarily, but we're in a primary downtrend," Saut said. "There is no precedent for this, and if there was ever any doubt that we were heading into a recession, that was thrown out the window yesterday.">> I agree with Saut, though the PPT and others may let it dip first to get the forced selling from MuFus out of the way before they apply the prop at a cheaper price than simply throwing money at it on the opening. Kinda like April 4th 2000. In the longer term, Americans are too debt-ridden to do much of anything about it, even if they had the stomach to take on more risk (which I doubt, prudently so).