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What ever the reason, if you were short you got burned. I am without opinion
when I trade and therefore an opinion doesn't get in the way of my signals. I
posted, a week or so ago, when all were bearish that I had a target of 1138.85
with an 80% probability of getting there. That one amazed me, but why fight
it. Will it get there? there is enough in the trade right now that I really
don't care. Ira.
Bob Heisler wrote:
> 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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