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To: Nemer who wrote (9344)11/1/1997 8:30:00 AM
From: Patrick Slevin  Respond to of 17305
 
Yes, yesterday was a big day for re-allocation.

I also heard, Friday morning, that it should have been a big up day because.....I still don't understand it....here's the e-mail ---perhaps you can figure it out.

I have just received the strongest buy signal that comes each month. If
the first day of the month falls on a weekend or holliday, then the UC
system deposites payroll checks, retirement contributions, retirement
checks into accounts electronically one, two, and sometimes three days
before the weekend or holiday. This month the deposites were recorded on
the Thursday night computer update. That would normally mean Friday would
be an up day overall. It might not start out that way, but the stats would
say it should end positive.


I think I understand what he's talking about....but don't ask me to explain it.

Another suggested that the Fed would attempt to manipulate an orderly decline.....that came in before the bailout news. Coincidence?

Was it a witching day in Hong Kong? dunno.

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Having cash is still kool. At least it's okay with the Duchess.