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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (27799)	9/17/2001 8:44:53 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

Tomorrow morning may bring fear, with individuals and suckers selling the bottom. Fund redemptions are a big question in my mind. I know Janus Mercury and Twenty have pretty strong cash positions, so they can weather redemptions without borrowing. The borrowing rules for the mutual funds are a bit of a mystery to me. Do they have to pay back this week? With valuations in question and strong support levels a ways off, I wonder just what catalyst will cause us to jump off an interim low? I guess when we're close, anything will suffice. We just need something to spur some strong, fanatical buying in this environment of doom and gloom. The one thing I've noticed is that the sweet spot for WTC drops in the European stocks has been 10% off the Monday lows. Maybe that's what we're going to do on the Indices. That buy the first holiday, sell the second holiday theory might prove pretty prophetic this time.