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S&P 500
5,995.54
(
0.38%
)
US TECH 100
20,562.00
(
0.10%
)
Dow Jones
43,988.99
(
0.59%
)
Brent Oil
73.49
(
-0.30%
)
Bitcoin
81,744.80
(
1.57%
)
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lentinman

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lentinman

Re: stock_peeker post# 9489

Sunday, 04/17/2005 11:31:47 PM

Sunday, April 17, 2005 11:31:47 PM

Post# of 174020
Peeker: MSGI: Monday:

MSGI: I believe Tokyo follows us. I wouldn't assume it will affect the US market, but 3.3% IS a lot!

I think Monday will be an up day. If I had to guess, I would say it starts down (-30 points), rises to +60 points and ends at +45 points. It seems unlikely that after three days like we have had, that there won't be a LOT of people (even if just short term traders) that won't see this as an oversold condition and try to make a trade on it. If Monday is a 4th triple digit down day, then IMO, the technical damage to the markets is critical - and at least twice the technical damage at this moment.

Len

Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.



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