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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 (2147)	1/22/2008 9:28:24 AM
From: Jibacoa	Read Replies (1) of 3722

Thinking about thee DOW again.<g> 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. Let's see 14279 minus 4284 = 9995. In "premarket" the DOW is now at 11680 down about 426 from Friday's close. It is possible that we may still have some some further drop in spite of the "curbs" & B.B.'s 0.75 bps premarket cut. It is still too early to tell, but better to stay on the sidelines if possible.<g> Bernard

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