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No doubt this rally was manufactured. While you certainly can't rule out
political motives, especially with this administration, it was most likely
was done to bail out Wall Street.
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, October 30, 1998 10:44 AM
Subject: Re: sp500 update
>I think that we may be getting a manipulated rally to boost the election
>polls here.
>
>Brent
>
>----------
>> From: Proffittak@xxxxxxx
>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> Subject: sp500 update
>> Date: Friday, October 30, 1998 6:08 AM
>>
>> good morning
>>
>> obviously my fri projection of 400-600 dow points by fri did not
>> materialize however. we did have from fri hi to wend low over 300
>points
>> now we definetely have a berish divergence in McClullen osc. nya
>closed at
>> the hi for this move unconfirmed by osc
>> other sins are new hi yesterday only imprved by 6
>> and new lows INCREASED
>> my vol in not offically on a sell but only needs one bad day to tilt it
>to
>> sell
>> if we are up today take your money out of your 401k mutural funds etc
>> becuse NEXT week will be the killer
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