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John,
At 00:38 01/11/01 +0000, you wrote:
Date: Wed, 31 Oct 2001
17:41:51 -0800
From: "John Nelson"
<trader@xxxxxxxxxxxxxxx>
Subject: RE: Anyone believe in old Bernie here ?
GDP is in negative territory. My suspician is that CPI and labour
numbers
will suck once released later this week. Lots of reasons to stay
out of
this market (or at least not be long in the volatile stuff) and turn
OFF
CNBC.
Also take a look at the weekly chart of both the Dow and Nasdaq.
Those
charts look pretty bad IMHO.
And yet Louis Ruikeyhser (whatever) continues to glibly reassure
the
American
public that everything is just fine. I wonder how much more
pounding will
convince the public that its time to throw in the
towel?
Until it is almost the the bottom!
When the market makers are nearly stuffed full of stock they have been
buying from net selling on the way down, they will see a nice surge
of selling from the public at rock bottom prices, put it happily in their
pocket and watch the market rise as quickly as it fell and laugh all the
way to the bank.
Trading with good feelings, Ric.
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