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I saw the last few days as fundamentally 'crash anxiety'. People got out
of the way of a possible black monday, even if they didn't really think it
would happen.
Now that the magic date has passed it's everybody back in the pool.
Of course, this effect is now over, and we're back to whatever 'normal' is!
At 04:26 PM 10/21/97 -0400, Walt Downs wrote:
>Rick,
>
>OK, I have to admit to a bit of puzzlement here.
>
>You've been calling for the SP500 to find support, and trade higher,
>from 980 (!) on down. I watched the TTC support levels reel by like
>mile markers at the Indianapolis 500.....
>
>the final call I saw, was for the SP500 to find support at 949.
>
>On that Day, the SP blew through 949 like a woodchipper, on it's way
>to 935.
>
>Now, today, I am seeing alot of back slapping, and palm pressing, and
>I don't know WHAT to think. :)
>
>I guess the only questions I have are:
>
>At what point should we have gone long ?????
>Did I miss a post detailing the long entry ???????
>
>Walt Downs
>CIS Trading
>
>
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