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To: MonsieurGonzo who wrote (6557)	8/11/1999 3:40:00 PM
From: Berney	Read Replies (1) \| Respond to of 11051

MG, I don't think so!!! F is actually showing some signs of life, but the sailors are all sea sick and tired of pouring buckets over the side. Just personally went long MRK at 61 1/8, but, again, I'm just playing the open in the morning. Also short VRC at 12 3/4. Funny game we play. PBTB

To: MonsieurGonzo who wrote (6557)	8/11/1999 4:37:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 11051

Hi Steve Nice data set collected by Don Sew #reply-10898450 Gersh

To: MonsieurGonzo who wrote (6557)	8/11/1999 9:50:00 PM
From: Trading Machine	Read Replies (2) \| Respond to of 11051

MG, NO MORE PAIN!!! We need GAIN, GAIN, GAIN!!! The last time I wrote this Bill Gates performed an illegal operation and shut me down, and if the SOB does it again I will be unhappy. Anyway, again, Donald Sew had a nice observation that there is a 10% chance of a V shaped recovery and a 90% chance of a recovery in the shape of a W. The question then is how high is the center of the W? I postulated to TB this afternoon that it should be not greater than the standard 38% retracement. So, this leads me to the following: Given the high on OEX is 734 and the low is 665, a 38% retracement ~ 691.22 and given that we finished today at ~676 (again, sic) we need another 15 or so points on OEX over the next few days (Monday) for that sinking feeling on Tuesday the 17th. Why Tuesday? - The CPI comes out on Tuesday, BUMMER! Why bummer? Well the numbers can't be good, as Berney recognized, the last CPI numbers were taken when light sweet crude was around $16 a barrel, now it's about $6 more, hence the numbers can't be good! So up toward 691, back down to retest 665 (hope it holds) on Tuesday and Wednesday, then up-up and away for the recovery - right? Yep, not yet, until the 24th when the FED bumps us a 1/4 point! Then we can go test the real bottom at OEX 642. So how's this for volatility? Rhetorical question, just hold on for the ride boys because its gona be bumppy! I rarely try these things out in public but tonight with a coupla glasses of wine and PBS showing The Irish Tenors (fantastic singing) I just couldn't help myself. Hope its fun for you, it is for me. Now they are singing "When Irish eyes are smiling"! Ugh, very nice. Just one man's opinion, we welcome others, Happy trading, TM