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First let me say that I am not a gloom and
doomer. I do see a lot of bad things going on in the markets right
now. When I say bad I mean negative. I received a post yesterday
that showed an overlay of the 1987 market and today's. It is amazing the
similarity in the charts. It was almost uncanny how alike they are just
prior to that awesome day. I remember that day well because I saw market
makers lose millions of dollars in a couple of hours and there was nothing they
could have done to stop the bleeding once it started. Things just went
from bad to worse.
If you are an avid bull I would keep my stops very
tight and use protection during the next couple of months. I have no idea
what it would take for those days to replicate themselves, but forewarned should
be forearmed. I wish you all good trading;
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