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Strategies & Market Trends : Take the Money and Run

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To: Augustus Gloop who wrote (8459)	7/15/2002 1:24:42 PM
From: quote 007	Read Replies (2) of 17639

ok--its safe to go long--because he said so!!!!! DJ Merrill Analyst McCabe Says Market Low Is In Sight 07/15/2002 Dow Jones News Services (Copyright © 2002 Dow Jones & Company, Inc.) NEW YORK (Dow Jones)--Richard McCabe, chief market analyst for Merrill Lynch & Co, told CNBC Monday he expects the stock market to hit its cyclical low this week. We'll hit "a climatic low in the next few days. We're getting close to the turn," he said. McCabe believes the Dow Jones Industrial Average won't close below 8200. He believes the market will then enter a trading range for an extended period. -By Andrew Gelfand, Dow Jones Newswires; 201-938-2007

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