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The bulk of the decline took place after the rumor was debunked.
Earl
----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, June 22, 2000 2:57 PM
Subject: [RT] Re: Market Outlook
> In a message dated 6/22/00 1:49:04 PM Pacific Daylight Time,
> dennis@xxxxxxxxxx writes:
>
> << This is probably a good time for one of Gitanshu's option plays
> to try to catch it either way it breaks. Seems like everything is
> focusing in on the fed meeting. >>
>
> Well for what it's worth,..in my humble opinion...(and I am often
wrong
> too),...I am biased toward the upside here into late June,...or the
07-07
> time frame. Feel the downside is rather "limited" and more likely that
we'll
> have decent upside when sidelined cash gets sucked in on a break above
1500
> cash, etc.
>
> As an aside,..found it interesting that selloff today was in part
> attributable to rumor of Alan G being in a car wreck. Just wondering
if we
> can blame CNBC for making such a rumor "seem" believable,....after
all,..when
> they show their "briefcase indicator",...you see Alan G RUNNING across
the
> street,...looking out for traffic,..etc. I always wondered why he
would do
> something so stupido on camera,... so in many traders minds...the
likelihood
> of a car wreck was fairly real. Just my thought.
>
> Again..thanks...JIM P.
>
>
>
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