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On what are you basing your opinion?
Regards,
Tom Alexander
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> From: peter <derivatives@xxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: [Doom and Gloom Dow Industrials Forecast]
> Date: Wednesday, October 14, 1998 11:26 AM
>
> RTrs
> The Bull will reawaken soon. The only difference between the Bull we
> knew in the mid 1990's & the coing one is that this fellow will be on
> Valium,!!, He'll make the 90's look like range trading
> Peter
>
>
> -----Original Message-----
> From: steven poser <swp@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Thursday, 15 October 1998 1:22
> Subject: Re: [Doom and Gloom Dow Industrials Forecast]
>
>
> >Mitch -
> >
> >That is a point worth noting, but outside of this list and those that
> >follow the astrology guys, I do not think everybody else is truly
> >looking for the capitulation trade on Black Monday's anniversary. Though
> >Acampora downgraded his targets, many of the big street technicians
> >believe that we have put in a bottom for at least another month.
> >
> >The other thing to be aware of is that if the market does blow up by
> >500-1000 points in a day, it will require some action from the Fed to
> >make people stick their feet in the water. Every try catching a falling
> >knife? People will not just jump in without a good reason. How many
> >times have you said that you will buy when something gets to a certain
> >level, and then did not (unless you are real disciplined or already had
> >the trade in, or were smart enough to be short into that level).
> >
> >I do believe that the capitulation trade will be met with a rate cut and
> >that a bottom will be in soon, but I would not count on the views in
> >this forum as being universal.
> >
> >Steve
> >
>
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