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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
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Bitcoin
64,066.05
(
-0.28%
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jdaasoc

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jdaasoc

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Re: mikemargin post# 111293

Thursday, 11/22/2007 10:51:41 AM

Thursday, November 22, 2007 10:51:41 AM

Post# of 148479
Agree that fear and panic haven't arrived.

Decline as been orderly averaging about 0.5-0.6% per day on average. In the absence of panic, market continues until next inflection point on on DEC 11 or 12??? when the FED meets

Idiot math means approx 10 trading days at this measured decline or 5-6% lower from here.
FED decision provides the starting point for rally that retraces some of the decline into option expiry on DEC 19th.

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