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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (13714)	7/23/2002 2:17:04 PM
From: NOW	Respond to of 19219

too remove it as the obvious choice for shelter, and besides it fits in with counterterrorism...

To: J.T. who wrote (13714)	7/23/2002 2:28:39 PM
From: Alex MG	Read Replies (1) \| Respond to of 19219

Well, I've gone long some QQQ and a few small ones for a bounce here... Not a new bull market mind you but "they" cannot let a total melt-down happen... Likely a short-term bottom here. I think "they" may be manipulating POG to help bail out JPM

To: J.T. who wrote (13714)	7/23/2002 2:34:09 PM
From: Killswitch	Respond to of 19219

I'm not sure, and for now I'm not giving the rumor much credence. 14:30 ET JPM JP Morgan Chase hit on derivatives, Fed rumors (20.48 -4.04) Stock is getting mauled today on a report in the Journal that JPM was involved in numerous Enron-like deals (7:01); however, we are also hearing rumors among traders that if JPM's stock falls or closes below a certain price (we're hearing $20 or $22), the co may be forced to unwind a number of derivative positions; in addition, we're hearing rumors that the Fed may hold an emergency meeting tonight to discuss such banking issues; of course, a degree of skepticism is warranted here (especially with the latter rumor), but chatter such as this is undeniably weighing on JPM and the bank group in general.