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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (6889)	11/3/1997 10:08:00 AM
From: IceShark	Read Replies (3) \| Respond to of 18056

Pete, The emotion completely flip flopped, as I suspected it might late last week. The Globex S&P was about 15 points above fair value at the open so buy programs were going to roar. We are now at an interesting point in time and I wonder what the small investor is going to do. Buy the dip seems to really work, again. Last week's drop/"crash" was a golden opportunity to load up more. -g- CNBS is praising the small investor for holding on in the storm, they are now the smart and astute investors; it was those stupid institutional investors that paniced and lost their shirts. Example: George Soros is reported to have just dropped 1 Billion last week in a currency play of some sort that must have been torpedoed by the IMF/World Bank/Bank of Japan et. al. actions. And I thought I was pissed about letting the Indos off the hook. -g- Well I hope they run that dog MU to 30 and drop volitility so I can load up on some puts. The NDX's are going to melt like ice cubes in hell this week if this keeps up. -ng- Regards, Dan