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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: MrGreenJeans who wrote (7551)	8/6/1999 5:25:00 PM
From: Hank Stamper	Read Replies (1) of 15132

By my reckoning, an August bear call still remains a possibility. First, volumes on S&P at this 11% "correction" level appear to me as still robust. This suggests the selling pressure has not yet been exhausted. If the selling pressure does get used up soon, then the market has a chance to retest the old highs. I think that fear of a rate rise on Aug 24 is no longer a suppressive factor, since it is already accepted as a done deal by the market. Hence, a rise to the old highs is possible between now and the end of August. As for this weekend, I hope BB can arrange a live feed including the audience--those have been quite enjoyable shows. Ciao, David Todtman

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