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

To: eddie r gammon who wrote (7365)	11/7/1997 4:05:00 PM
From: MythMan	Read Replies (2) \| Respond to of 18056

eddie - yeah he has been fairly accurate, so far. don't you love mu <g> Pete

To: eddie r gammon who wrote (7365)	11/7/1997 4:10:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 18056

eddie, thanks for the plug, I needed this. So from the four blows suggested Tuesday 3 are in more or less on the nose. I know, now you are going to ask, what about Monday, or "what have you done for us lately?". I am still sticking to my guns, I think that Monday will see at least250 dow points shed. As a matter of fact, if we do much worst than that (ya, I know, for some here we should call it "much better"), then the party might be over too fast. If we are "moderate" in the decline (is 250 down moderate enough?), then it could continue much further down. If, however, we once again get a loppsided decline with the tick going much more south than -1500, then I would try to pick up the a point for a short term long position when the tick recovers about 50% of its maximum decline and jump back in on the long side (got caught nicely in that storm Tuesday morning after the latest black Monday). Zeev Zeev