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To: John Madarasz who wrote (43247)6/26/2002 10:05:09 AM
From: AllansAlias  Respond to of 209892
 
Yes, see my previous message about gap-downs NOT being the low for the day.

As I've said a couple of times, this is bears covering imo and we ain't seen selling yet.



To: John Madarasz who wrote (43247)6/26/2002 10:10:10 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
I think we are fairly close to a summer bottom (a few days?)...I've seen some nice headlines lately about how there is no bottom in sight for the market, blah..blah..fear ain't spiking..but its building a nice bed

Of course, i think this mornings rally attempt must fail (we can't hold those Sept. Comp lows)..and really, thinking that we need a couple more days (minimum) of washout...to put us in no-man's land below Sept. low for COMP, and 8875 for Dow....

BWTDIK..



To: John Madarasz who wrote (43247)6/26/2002 10:43:50 AM
From: No Mo Mo  Respond to of 209892
 
Margin Calls?

To be long of late is questionable enough. I have a hard time believing there could be so many people on margin as to pressure the broad market down. I know no one who's been on margin for well over a year.