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To: fut_trade who wrote (4979)12/23/1997 1:42:00 PM
From: Peter Goss  Respond to of 27307
 
There was some decent selling during the last hour or so; now small short covering. The dilemma all the longs have is worrying about getting out before the retracement/pullback/collapse. They know a lot of folks are waiting to defer the gains into next tax year. They know they are sitting on a bubble. It would be difficult -taxes or no- to see this thing where it is and not unload some. Watching the close with interest today - that run this morning might have washed out all the nervous shorts.

Peter