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I expect a neutral to positive day. Expectations are lessening for an
increase now and if it happens, it's been factored in anyway. Not only
that but there is such a high percentage of nay sayers now that the market
has little choice but to move up. Last, the dow is very misleading here.
Anyone holding a wide spectrum of stocks these past few weeks is down an
average of 20-25%. Anyone nimble enough to have been jumping through the
hoops as sector favorites changed has done well but for investors, we've
seen a correction of significant magnitude even if it doesn't clearly show
on indice charts.
Bob
At 02:40 PM 8/20/99 -0400, RAY RAFFURTY wrote:
> Hi RT's, Add to that, August malaise and a FOMC meeting on Tuesday
>and you have a formula for a big move to the downside. Have a great
>weekend, all. Good luck and good trading,
> Ray Raffurty :Three steps and a stumble."
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