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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Psycho-Social who wrote (80316)	6/18/2002 6:29:26 AM
From: LTK007	Read Replies (2) \| Respond to of 99280

i will go on record we break friday's intraday lows by 6/28. still do not see new money. Just institutional churn that is using indicators for daytrading and shorterm trading. Hedge Funds are taking an ever more significant force in the market, and it will continue to increase. They have the adaptability to survive collapses, so more and more money will be situated itself in survival positioning for a bear market. Mutual Funds themselves are spinning off hedge funds. Once the third and 4th quarters fail to produce projected earnings in many companies, we could well head to the nadir point, as in 1974.Max