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To: MythMan who wrote (345362)10/11/2007 3:49:28 PM
From: stan_hughes  Respond to of 436258
 
Wall Street falls sharply after rising to new highs
Volatile tech trading, profit-taking lead Dow to S&P touch new highs

By Kate Gibson, MarketWatch
Last Update: 3:40 PM ET Oct 11, 2007

NEW YORK (MarketWatch) -- U.S. stocks saw a dramatic reversal on Thursday, with the Dow first sitting at record highs on a gain of over 100 points, before plunging to a loss of over 100 points, with traders citing profit-taking in technology shares as the main culprit.

"We saw a [popular technology exchange-traded fund] sell off right around 2 p.m. and things started turn around," said Art Hogan, chief market strategist at Jefferies & Co.



To: MythMan who wrote (345362)10/11/2007 3:53:31 PM
From: Real Man  Respond to of 436258
 
9 minutes to go and we are at 14K again. I seem to remember
NAS made the market turn in 2000 pretty obvious, by deciding
crash from the high. So, if we crash by next week, then the
turn has happened. Of course, there is no way of guessing
that right now -g-

I see the futures fire squad has arrived -g-



To: MythMan who wrote (345362)10/11/2007 4:14:12 PM
From: Real Man  Read Replies (1) | Respond to of 436258
 
Odds are better for that one than for the BK.
DANG dropped 70 points top to bottom. It's our leader,
you can't kill the leader. -g-



To: MythMan who wrote (345362)10/11/2007 5:50:01 PM
From: Giordano Bruno  Read Replies (2) | Respond to of 436258
 
Moodys cuts another 33 billion marketwatch.com

bullish bullish bullish