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To: Lucretius who wrote (4286)10/15/1998 2:46:00 PM
From: Jay8088  Read Replies (1) | Respond to of 14427
 
Thank you for the encouraging certitude! Have a great afternoon at the golf course!

Must admit that the 130 points up projection was uncanny. The market is easing now. Hope this turning point works! However even with the most charitable wave reading I have, I think we can have another minor surge up to equal or slightly exceed today's high before the crash begins. Say a smooth decline to 8050 and a short rally to 8150? Timewise, we may push right up to the expiration tomorrow.

So far DJIA 8180 and SPX 1035 have been holding. But it sure got scary today! I am still scared enough to watch all the way to the closing.



To: Lucretius who wrote (4286)10/15/1998 3:23:00 PM
From: Jay8088  Respond to of 14427
 
A massive short squeeze in progress!!!!!! DJIA above 8200 !!!



To: Lucretius who wrote (4286)10/15/1998 3:29:00 PM
From: drsvelte  Read Replies (1) | Respond to of 14427
 
Well, did LT KNOW!!!

FED cuts fund rate and discount rate 25 basis points and DOW shot up like a Roman candle (no pun intended!GG) Must have launched 150 points in 5 minutes. Incredible.

Luc was only of a couple days on this announcement, let's see if his projected sell-off materializes!!



To: Lucretius who wrote (4286)10/15/1998 3:30:00 PM
From: PnclNk  Read Replies (3) | Respond to of 14427
 
LT,

Well this is turning out to be one hell of a crash!

Pencil Neck



To: Lucretius who wrote (4286)10/15/1998 4:34:00 PM
From: RGinPG  Respond to of 14427
 
Well, you can't be right all the time. Don't I know it! osxstocks.com