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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)	3/14/2008 4:00:13 PM
From: Jibacoa	Read Replies (1) of 3722

The DOW & the "correction".<g> As mentioned in January, the "correction" from the Jan2000 H of 11908 to the Oct2002 L was 39.73% If we get the same % "correction" from the Oct H of 14279 the drop 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. Gold is now around 1000 & the "expected recession" is now in place. The question now seems to be how long it will last. The DOW in the morning & afternoon today showed intraday support at the 11835. That's below yesterday's L of 11875 but above Monday's L of 11832

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