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To: Boplicity who wrote (2962)	7/22/2000 8:40:58 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 13572

Louie Navallier is a rather sharp fellow his emailouts put forth the following scenario: stocks drift higher thru first week of August one to two weeks prior to Aug22 Fed Meeting, stocks sell off in worry mode a relief rally ensues following that meeting, hike or no hike the rally gathers steam after LaborDay when the world returns from summer vacation -------- Louie stops short of making any particular call for late September, early October but I tend to think that unless Money Supply begins to increase, a steep selloff will happen a few weeks after Labor Day so far, no indication of M3 turning up any responses, feedback, critique, corrections, or added info much appreciated / Jim Willie