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

To: marc ultra who wrote (9010)	9/30/1999 8:35:00 PM
From: Boca_PETE	Read Replies (1) \| Respond to of 15132

maru u: On August 31, 1998 the market set a benchmark low for the then correction. The following day on Sept 1, the market reversed to the upside on heavy volume (12:9 on the previous day). Any thoughts as to whether or not today's upside reversal on heavy volume indicates that yesterday's low represents a benchmark low for the current correction ? If so, do you think we'll now get a failed rally after which we'll get a test of the new benchmark on low volume like we had with last fall's correction ? Hope that updated Mr BSL chart of the US Dollar is not a harbinger of things to come in the broad market. If it does, the current rally could end up being a dead cat bounce. Then again, it might be nice to get a bear market behind us so we can look forward to the mother of all buy opportunities. P