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Trap Doors are why they invented stops right, and if your stop
doesn't work because of limit moves there are options. Bonds are
still firmly holding the upward channel. I agree with Ira,
perceptions are key to understanding the market. The market may not
care who wins the political fight but the uncertainty definately
effects the perceptions of the participants. By now I know that Jim
doesn't like any candidates. Sure would be interesting if we chose a
President by how well he did on a test. We might have Bill Gates, or
some other Geek for Pres. Now if we took the sum of all the IQ's of
both parties and used which ever were highest to decide, it would
never be in doubt:)
Prosper
--- In realtraders@xxxxxxxxxxx, Ira Tunik <ist@xxxx> wrote:
> This sounds familiar. I remember when the banks had huge bad debts
from South
> America and local problems also. Technically, if a bank showed its
financial
> statement to get a car loan, it wouldn't qualify. They had
negative net
> worth. The banks stocks just kept rallying. I couldn't understand
why this
> kept happening. It took 3 years before it came to light and the
bank stocks
> finally took their deep fall. As I have said before. It is not
fact, but
> perception, that creates movement in the markets. Ira
>
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