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check out bloomberg's graph of today's dow. look at how desperately it bounced around trying to end the day on the plus side. i think i spy a week ahead of wishy-washy flatness. should Greenspan bump the rate on the 5th things will turn south.

-- corrine l (corrine@iwaynet.net), September 27, 1999

Answers

Check out the last twenty minutes!!!!

Wow!!!

Imagine you're a trader!!---is it gettin a little obvious?

-- D.B. (dciinc@aol.com), September 27, 1999.


note to flora:

Dead cats do bounce - just not that high! : )

It was interesting to watch. The biggest moving sector was Gold. What does this mean for the long term? Even Gold leasing was said to become not as available as it is now.

Mike

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-- Michael Taylor (mtdesign3@aol.com), September 27, 1999.


corrine:

You used to be so slutty. Now that you talk about the market, it just gives me hot flashes!

-- Dave (aaa@aaa.com), September 27, 1999.


The DJI went down 524 points between Yom Kippur and the full moon last week, then up 24 today on so-so volume. Probabilies suggest the downside move isn't exhausted yet.

The cumulative AD line is back to its level on 8/5/96 when the DJI closed at 5,674, or 45% below current levels. The technicals look really bad even without any Y2K impact.

-- mike (maples@voy.net), September 27, 1999.


This market has everything, including very bad BREADTH.(Bad pun) If you want to know how bad the technicals are, try a trial sub to INVESTECH at http://www.investech.com JIM STACK has edited it for about 20 years, and has probably THE most complete database of EVERY technical term in the market.He puts out a 12-page issue every 3rd Friday, and the deterioration, which was BAD from the APRIL 1998 peak of the A/D line, has gone downhill at breathtaking speed over the past 5 weeks(since AUG/99, when his signals officially declared a bear market). He has superb graphs and charts, and it is available the night of publication by e-mail, in PDF format.

-- profit_of_doom (doom@helltopay.ca), September 27, 1999.


The only thing keeping the market from crashing right now is the idiot day traders looking for bargains and trying to make a few bucks here and there. The highly speculative NASDAQ tech stocks are the only thing that brought the DOW up to its current overinflated values, and the tech stocks are going to start showing some signs serious trouble real soon, taking the DOW down with them when they go. A lot of these day traders will get caught off guard and go postal like the guy in Atlanta.

-- @ (@@@.@), September 27, 1999.

@ I'm sorry to disagree but I bet I heard 50 people say today and yesterday they view this as a buying opp. Not a daytrader crowd just my golf club and dinner friends.

-- todays Tom Sawyer (RUSH@2112.rockon!), September 27, 1999.

More like a dying opportunity, I'd say. The stock market balloon has a million tiny holes in it and they're just about to make a critical mass.

-- cody (cody@y2ksurvive.com), September 27, 1999.

October starts friday.

-- Mad Monk (madmonk@hawaiian.net), September 27, 1999.

dave,

there is nothing sluttier than a money changer.

.

-- corrine l (corrine@iwaynet.net), September 27, 1999.



When lawyers, and dentists and other regular people start talking about it being a buying opportunity, you know the Street has done it's work well, the masses are trained, and the blood will soon flow.

The only time to buy this market ever again, is after you've seen the PAIN that a HUGE downmove will create.

Have you seen any pain or heard any screams yet? Gregg

-- Gregg (g.abbott@starting-point.com), September 27, 1999.


Tom Sawyer,

"@ I'm sorry to disagree but I bet I heard 50 people say today and yesterday they view this as a buying opp."

Is today just another "buying opp."? I was just wondering, because if I buy stocks today, and the market keeps going down, how will I make money? How many years will it take before my stocks get back to their current levels? Please ask those 50 people and let me know what they say.

-- @ (@@@.@), September 28, 1999.


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