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


To: Zeev Hed who wrote (29544)10/5/2001 10:30:47 AM
From: Jdaasoc  Respond to of 30051
 
Any resistance points on the way back down were we came from. I out of long positions with plenty of purchasing power to go long trying not to get too short of tech stocks that are up 30-40% in one week. IMO we will continue to drop until week after options expiration. Just like June, July, Aug and Sep.

PS BKX 788 and 30y bond 5.296% those are the fundamentals I don't like.

PPS. I noticed even as unemployment slowing inchs higher the pool of available workers keeps shrinking more than layoffs. Coupled with the rise in hourly earnings that still keeps pace with inflation, do you see inflationary pressures as more boomers start to retire. I also see a mild xenophobic pressure to displace foreigners in blue collar jobs in wake of WTC.



To: Zeev Hed who wrote (29544)10/5/2001 10:35:00 AM
From: JRI  Read Replies (1) | Respond to of 30051
 
Zeev, we got back to 1550 in an awful hurry, no? Does the speed of the decline change your view at all about the 1520 or so level holding?

95 COMPX pts came as fast on the downside, as the upside..