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To: F Robert Simms who wrote (52933)9/16/1998 11:44:00 PM
From: Trey McAtee  Respond to of 58727
 
all--

check this out...

A U.S. congressional panel voted on Wednesday to block supporters of the
International Monetary Fund from including $18 billion for the lending agency in
legislation funding U.S. aid programmes around the world

biz.yahoo.com

one thing IMF supporters in the US might like to think about ... how much did the IMF give the US for the S&L crises?

good luck to all,
trey



To: F Robert Simms who wrote (52933)9/17/1998 6:34:00 AM
From: donald sew  Read Replies (1) | Respond to of 58727
 
BOB,

>>>>>>>>>> There are a lot of people short. I think my Grandmother might still have some puts. AMZN(16%) and YHOO(10%) went up a lot today. I think that a lot of stocks have a lot of shorters. Do your indicators take into account short squeezes? How can the market fall? Who is left to sell who hasn't already sold. Shorts can only buy. <<<<<<<<<<<

Most technical systems do take into consideration minor fundamentals/news and other functions in the market. It will just delay or increase my signal depending on the change.

Well, the futures are down big, so my CLASS SELL may be working.

As to answer your question as to how markets can fall in short squezes, well they dont last forever as hinted by the huge dump in the futures(which of course can change). Also this is a short squeeze in a down market not an up market.

Seeya



To: F Robert Simms who wrote (52933)9/17/1998 7:26:00 AM
From: Debra Orlow  Respond to of 58727
 
How can the market fall? Who is left to sell who hasn't already sold.

How about all those mutual fund holders that thought that a 20% return was normal? They just recently received their August statements.