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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Joseph G. who wrote (3427)9/2/1998 5:50:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 5676
 
Did you notice the change in mood. A few weeks ago this news would have been good for at least +5 bucks (thanks to Mo traders) for POS2. Today it shot up to 48 (after being down for most of the day) then saw tremendous selling pressure 9indicated by B/A size) and settled only 11/16th up.
biz.yahoo.com



To: Joseph G. who wrote (3427)9/3/1998 12:13:00 AM
From: kahunabear  Read Replies (1) | Respond to of 5676
 
Joseph,

Agree. Could be just a small test of intestinal fortitude.

We seem to be setting up for an interesting Friday. I wouldn't be surprised to see a big drop if panic sets in. How much damage do you think could be done in one day ?

WS



To: Joseph G. who wrote (3427)9/3/1998 4:30:00 AM
From: Arik T.G.  Read Replies (2) | Respond to of 5676
 
Joseph,

>>we had no crash yet ...

Tomorrow and Tuesday we will.

A 2.5-3% down day today will be final confirmation that the next two days are going to be BK days, -5 to -7% on Friday, and meltdown after the long weekend.

As for today, I think we're gonna drop 1.5% ATO to SPX 975, then immediate rebound, lasting two hrs, probably back to 985, but could also get to 998. Then we start falling again, closing around -3%.

ATG