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Politics : Idea Of The Day

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To: Judy who wrote (13994)	11/11/1997 6:53:00 PM
From: Nancy	Read Replies (1) of 50167

Judy, Didn't you receive my e-mail on this subj yesterday ? I told you MER is tanking and I dont like it a bit. I even posted TT about that. I dont have Ike's deep insight of what is going on, all I am looking at are a few very straight forward indicators. Layman's approach works better for me. There are old sayings about watching GE, GM & MER to find market direction. Brokerage stocks historically lead the market by 6 months. Now with all so compressed, it may only be 1-3 months. Nonetheless, MER has lost ground big since Monday. Told OJ to watch out based on MER's action when answered his exerburant e-mail. By the way, historically from top to bottom takes anywhere from 3 to 10 months with average time 6 months. Our top is in Aug. The quickest top to bottom was in 1990. We slided down 20% from sep/oct and rebounded big jan 1991 (gulf war). Other times, 6 months are the nom.

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