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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (7551)	8/6/1999 5:09:00 PM
From: Boca_PETE	Respond to of 15132

Mr: GJ: RE: <I will be shocked if any August bear call is made.> I have to agree with your point of view at this point in time. BTW, newsletters are in the mail - got mine today. P

To: MrGreenJeans who wrote (7551)	8/6/1999 5:25:00 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 15132

By my reckoning, an August bear call still remains a possibility. First, volumes on S&P at this 11% "correction" level appear to me as still robust. This suggests the selling pressure has not yet been exhausted. If the selling pressure does get used up soon, then the market has a chance to retest the old highs. I think that fear of a rate rise on Aug 24 is no longer a suppressive factor, since it is already accepted as a done deal by the market. Hence, a rise to the old highs is possible between now and the end of August. As for this weekend, I hope BB can arrange a live feed including the audience--those have been quite enjoyable shows. Ciao, David Todtman