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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (2883)	8/31/1998 3:54:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

First stop is 27.50 and I believe the second is 55.00, but it does not appear to have slowed down.....unless that was the 980 bounce....where the heck did 55 down come today? cme.com

To: Patrick Slevin who wrote (2883)	8/31/1998 4:09:00 PM
From: Tom Trader	Read Replies (2) \| Respond to of 44573

What a day!! Now look for announcements of corporate buy-backs of stock And if that does not contain the selling then who knows how much lower we go. I can't believe these clowns who on TV who keep wondering why the market sold off and saying it is an over-reaction--how about stocks being way over-valued as a reason. Earnings projections have been declining and growth expectations were curtailed. Well Abby J who said that stock were 7-10% undervalued can now say that they are 15% undervalued. What a joke. I am just sorry that I was not short a bunch of stocks and that I closed out the short futures trade that I had on earlier this afternoon.