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To: Judy who wrote (3875)	8/4/1998 9:07:00 PM
From: Zeev Hed	Read Replies (2) of 5058

Judy, actually, the put call ratio is really very low and that concern me, but I feel that the spring is ready to bounce (I actually think that after a weak opening the market could strengthen late tomorrow). As for the bottoming, it is not an "end" of the correction bottom (which i still think will come later in the Sep/Oct framework, but cannot stop looking at mt calendar to see if we are not in September already <G>). If the next rally does not get us above 8900, however, I may have to replace the 8250 bottom I had for the minimelt with a, lower number by about another 1000 Dow points (like 7200). I am not ready to that yet, I'll have to see how the put call ratio and other indicators behave on the rally. Zeev

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