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To: Lucretius who wrote (10558)	8/12/2000 10:52:09 AM
From: Thomas M.	Read Replies (1) \| Respond to of 436258

I'm going to put my entire net worth into MER LEAP calls. How 'bout you? -g- Tom Prudent Market Decisions 4 Cortland Lane, Greenville, R.I. 02828 AUGUST ~ One of our favorite market proxy stocks is Merrill Lynch. After forming a more than two-year reverse-head-and-shoulders pattern, it recently broke out to new all-time highs. The DJIA has also been developing the same chart pattern since early 1999. We believe Merrill Lynch's historical propensity to top out before major tops in the Dow is forecasting an ultimate positive resolution of the DJIA pattern. Although our work points to a breakout to new all-time highs by the Dow and a final top at 12,500-12,800, we acknowledge that the Dow may still sell off to the bottom of its trading range this September and October. High volatility and whipsaw action will likely persist until the breakout occurs. The breakout may indeed not occur until January or February 2001 and a final top could occur as late as the fall of 2001. -CARL RUHLE