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To: Henry J Costanzo who wrote (173661)11/19/2008 1:11:55 PM
From: $Mogul  Respond to of 209892
 
Financials are just horrific today and I expect new lows there soon, but of greater concern is the widing of the JPY/EURO spread.



To: Henry J Costanzo who wrote (173661)11/19/2008 1:16:18 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Yes, it is impressive with the financials (and brethren GE) taking out yesterday's lows. Oh yeah... and the RLX setting a new yearly low. Frankly, it's not clear where the strength, such as it is, is coming from... or why!

If it weren't expiry week and if we weren't so oversold, I'd be pretty confident that we turn here and sell off the rest of the day. As it stands, I can see that happening, wigglewise, and it seems most likely... but it'd have to start soon or we're in jello city still.