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Bob - How can you say 20-25%? The S&P 500 was down only 11.5% at its
worst and even the NASDAQ comp was no place near 20%?
Steve
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
url: http://www.poserglobal.com
email: swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
----- Original Message -----
From: BobsKC <bobskc@xxxxxxxxxxxx>
To: RAY RAFFURTY <rrraff@xxxxxxxx>; Real Traders
<realtraders@xxxxxxxxxxxxx>
Cc: Real Traders <realtraders@xxxxxxxxxxxx>
Sent: Friday, August 20, 1999 5:41 PM
Subject: Re: Watch out for Monday
> 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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