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Dick
We're looking for a 21-22% decline. I'm just not sure whether or not this
will be the whole move or the first leg of a longer move down. We've
already dropped approx. 10%. Will be looking at some longer term numbers
and maybe tea leaves :) .
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]
On Behalf Of Dick Simmons
Sent: Friday, August 14, 1998 7:09 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Preparing for the worst??
Hi Guy,
You wrote.
,
I would still like to think we will get another run up which will
>enable me to take some reasonably priced Put positions, but I haven't seen
>the impetus for the run up.
>
>Any thoughts would be appreciated...
>
>Guy
S & P cash
It would be most unusual not to get a run up towards that first low after
the high.The larger the gap between that low and the run up, the quicker the
fall and the bigger the initial fall. My feelings are that it is not an '87
crash but an orderly move down ( initally we will not find it orderly but
with hindsite it should be) with high volatility. The time frame for the end
of the run up should be the end of the month.However Zippergate on the 17th
and Russian mumblings climaxing, I am wondering if it is not going to be
earlier.
Regards,
Dick,
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