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I am short a basket of stocks, with a number of sell limit orders that will
only get executed in the event of a rally tomorrow. My only worry is that
Greenspan's Plunge Protection Team (the market riggers) will try to juice
the futures in an effort to stop the meltdown.
If they do not rig the markets tomorrow, they will at least parade at least
one Clinton cabinet member on the airwaves to jawbone it. You can be sure
that they will not let it freefall to much farther before stepping in.
You can be sure of its final destination though over time. My faith is that
the market is bigger than they are, and that they will get what they deserve
in the end.
----- Original Message -----
From: Dan Harels <harelsdb@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, April 16, 2000 8:06 PM
Subject: [RT] Re: Gen: Warning of Caution
> >From: "Prosper" <brente@xxxxxxxxxxxx>
> >>
> >Having done a little Gann Analysis this weekend I feel that any traders
> >trading in the equities(stocks) or stock indexes should be very
>cautious.
>
>
> This seems like sound advice and if I have learned anything on my way to
> becoming a third grade sucker, it is to be cautious. I am short the DOW
> (DIA) and am curious as to whether you are advocating heightened caution
on
> the long side, short side or both sides? My time frame is the next week
or
> two.
>
> All of my indicators say the DOW is going lower and I am anticipating a
test
> of 9700 and perhaps 8600.
>
> Is my confidence misplaced? Does your Gann Analysis show anything that I
> should be particularly careful about?
>
> Thanks,
>
> Dan
>
>
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