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To: TREND1 who wrote (23100)10/27/1997 9:41:00 PM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Larry,

I hope the US economy is different from 1987 and as we all know the interest rates are much lower. But your channel chart is somewhat ominous because the downside to the channel in 1997 looks like 5250.

I would like to see the FTSE and Nik make a last minute turnaround so we do not have to second guess. Hang Seng down 11% right now.

Good Luck trading

DavidG



To: TREND1 who wrote (23100)10/27/1997 9:51:00 PM
From: MR. PANAMA (I am a PLAYER)  Read Replies (1) | Respond to of 53903
 
After todays and fridays performance on the DOW nobody in their right mind expected Hong Kong to rally on the open....value is being created for many but the toughest thing to do is to buy when one is scared....i have a gut feeling that Hong Kong will settle down before their trading ends today and Wall Street could open lower and settle down also....There has been a plethora of good news that has been neglected ....the deficit problem is NOT a perceived problem by many...a HUGE SUCCESS in fact....

So as I have said before with absolute sincereity...GOD BLESS AMERICAS....land of the the worlds best companies....toughest accounting standards...strongest banks...Most respected financial system......

Get a good nights sleep everyone The Grim will watch all for you....



To: TREND1 who wrote (23100)10/28/1997 3:27:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
>>Do you think the 1997 crash will turn out to be the
1987 crash "in slow motion" due to breakers ???<<

interest rates are too low... lofty valuations have needed a nice haircut - this is it.

in mu's case, it just needed to be cut as it was borderline absurd.