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Biotech / Medical : Biotech & Pharma.T.A,

BIB 77.21

-1.5%

Dec 18 4:00 PM EST

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To: Jibacoa who wrote (1995)	1/15/2008 5:07:47 PM
From: Jibacoa	Read Replies (6) of 3722

The DOW wants to retest its Jan9 L of 12431, which was below its Aug16 of 12455 bigcharts.marketwatch.com It could get to test the 12000 level, which would be some 500 points below today's close & 2279 points below its Oct 11 H of 14279.<g> It had an almost 100% run from the 2002 L to the Oct2007 H. The "correction" from the Jan2000 H of 11908 to the Oct2002 L of 7177 was of 4731 points or 39.73% from the H. If we get the same % "correction" from the Oct H of 14279 it would be of 5673 points, or to the 8606 level, but if the "expected recession" doesn't get as bad as many people think, the gold starts to come down below the 900 level & the "correction" is only of 30% then it would be only a drop of 4284 points from the Oct H to the 10000 level.<g> bigcharts.marketwatch.com At any rate, it still seems better to keep the powder dry, just in case.<g> Bernard

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