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To: Defrocked who wrote (52647)	7/22/1999 10:16:00 AM
From: bill meehan	Read Replies (3) \| Respond to of 86076

<<I do, however, believe in the principle of Maximus Fuximus....the markets will screw the most people at the time they least expect it.>> Def, couldn't agree more. The best thing that could happen would be a rally on Easy Al's testimony resulting in the market making marginal new highs. Bulls complacency increased and many among the diminished ranks of bears also throw in the towel. Then, goodbye "New Era".

To: Defrocked who wrote (52647)	7/22/1999 10:25:00 AM
From: John Pitera	Read Replies (2) \| Respond to of 86076

I'm willing to give Arch a wide berth as he was looking for a top on the harmonic convergence on aug 24-25th 1987 and he was calling for a crash afterward. He was quoted in USA today the day after the crash, as having made those forecasts in early Aug 1987. He has also won a few Hulbert awards as the most profitable market timer, including have the most profitable period of overlapping 5 year returns in the past 10 years. We are really seeing a lot of volatility in several markets this week. including US stocks, Currencies, the ags, and crude.