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To: JRI who wrote (56659)10/16/2002 10:49:34 AM
From: marginmike  Read Replies (1) | Respond to of 209892
 
JRI we probably trade in range with a litlle up into EOY



To: JRI who wrote (56659)10/16/2002 11:34:27 AM
From: rgjack  Read Replies (1) | Respond to of 209892
 
BUT, where are the mutual funds going to get the money to fuel an upserge to the end of the year? They are at the lowest cash position in a very long time and more cash is going out of the funds than is coming in. NOT the time for any meaningful advance IMO.



To: JRI who wrote (56659)10/16/2002 12:11:25 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
fund managers NEED rest of year to be up (to save this year's performance numbers)

Reminds me when I worked for Kellogg's and tried to jam as much Raisin Bran down everyone's throats in December to make my year-end numbers. Of course we all know what happened in Q1 the following year (besides widespread regularity-g).

*wiggles* The DOW has 5 wiggle waves complete off the highs (much cleaner looking on the $XMI) and is now retesting the broken Aug 22 dt line and I am watching for it to have been a 'c' down. We would launch right here.

I am trying to get long BRCM which has a sweet wedge setup on the wiggle chart and just closed the gap.