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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)	9/4/2008 3:25:01 PM
From: Jibacoa	Read Replies (2) of 3722

Looking again at the DOW. The L so far today at 2:15PM & 2:24PM has been 11189.45 & that is > 300 points above the Jul 15 L of 10731 <g> bigcharts.marketwatch.com Back on Jan15, we commented that The DOW wants to retest its Jan9 L of 12431, which was below its Aug16 L of 12455 And that 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. Also looking at the "correction" from the Jan2000 H of 11908 to the Oct2002 L of 7177 for a drop of 4731 points or 39.73% from the H, commented that: 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 a drop of only 4284 points from the Oct H to the 10000 level. Will see if the DOW can rally from today's L or hold at the Jul 29 L of 11086 without having to test the 10000 level. bigcharts.marketwatch.com But it seems that at the present time is still better to 'put your trust in God, and keep your powder dry'.<g> But also remember that better times may still come & that the DOW had an almost 100% run from the 2002 L to the Oct2007 H. <g> Bernard

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