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To: Jay8088 who wrote (4298)10/15/1998 4:31:00 PM
From: Dragon 1  Respond to of 14427
 
Not so fast. Now that the rate cut has come, watch out below cause at this stage the last piece of good news is out and everybody realizes that. What's gonna come next? Sell-off until the bull dies a death of a thousand cuts.

AG has learned the dirty trick from the HKMA but it only amounts to a mechanical sleight of hand which is not going to flip back the sinking Titanic, like a magician who can't withstand the scrutiny of reality. This cut is evil in that it is aimed due a large part at saving the semi-criminal effort to bail out the LTCM which would have been on the brink of destruction; yet it is futile because it is so desperate that one can see the "R" or even "D" printed all over AG's face. He is so scared he shit the bricks. The DOW would have sunk below 7900 had it not been for the cut, yet it's a blip. The rudest awakening is yet to come.



To: Jay8088 who wrote (4298)10/15/1998 9:06:00 PM
From: NucTrader  Read Replies (1) | Respond to of 14427
 
>>For now, the game over.<<
AHHHHHH.....YESSSSSSSSSS!....Capitulation of the shorts, one of LTs prerequisites for the "crash" if I recall correctly....