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Mark,
You are right. When I was typing my previuos email it seemed like the Stoxx
and DAX had hit panic lows and then were crawling up. But Friday it opened
higher and then it slid all day to close at the lows of the day and at the
lows of the week which is about minus 13% from before the airplanes hit the
towers. It all seems weaker than I thought. Probably some more position
selling in front of the weekend. At least a weaker and more unstable picture
was shown on Friday. It looks a lot more uncertain to me right now.
As you see I sent this to the list as well. Maybe some others can use this
information.
Ed Kiers
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: "Ed Kiers" <rokinseq@xxxxxxxxxx>
Sent: Friday, September 14, 2001 7:36 PM
Subject: RE: Sorry -but = minus 8.5%
I see the Dax is down about 4% today....
Monday will be a really interesting day......US markets open....
my guess is big rally for a couple of hours, then back down....
tough for the patriotism to overcome the incredible economic effect of all
of this.....
the Fed's new money injections will not take effect for months.....
-----Original Message-----
From: Ed Kiers [mailto:rokinseq@xxxxxxxxxx]
Sent: Thursday, September 13, 2001 4:05 AM
To: Barry Burgess; Omega List
Subject: Re: Sorry -but = minus 8.5%
Just before the crash of the first airplane at 08:45 NY time the Eurostoxx
quoted 3526. At 10:10 NY time the Eurostoxx hit a panic low of 3050 which is
13% lower. Since then, the real horror happened within 1.5 hours, the
Eurostoxx is trading in a narrowing wedge with a balancing midpoint around
3225, which is 8.5% lower from the moment just before the impact. ALL major
currencies are trading within a range of less then 1% with eachother. A
remarkably well ordered market according to analists at CNBC and other
financial stations. Hope this indication might help.
Ed Kiers
----- Original Message -----
From: "Barry Burgess" <barry_burgess@xxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Thursday, September 13, 2001 8:45 AM
Subject: Sorry -but
Sorry to all the USA members of this list but realise that the margin calls
started in Europe on Wednesday morning for all those long in both the
futures and options markets. The volatility has gone through the roof. Your
pain will continue on the opening of the US markets. As a Day trader I was
flat awaiting the opening of the US markets - pure luck with the timing but
a number of my position trading friends are hurting.
Good luck
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