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To: Eric Wells who wrote (108726)	9/21/2000 7:29:22 PM
From: GST	Respond to of 164684

Eric: The word dip may be as out of place (or more so) than "bloodletting". Lets say we get two back to back days of trillion dollar losses -- that is not a dip in my book. The damage done by that kind of drop does not lend itself to a sharp recovery -- but of course some percentage of the investing public will be in a hurry to burn up their cash and will jump in thinking this is the time to go from cash to stock. After a few waves of burning off the cash from the sidelines comes the real test -- remember, the cash being burned is simply "gone" if the rebounds prove temporary -- it is there one day and then simply vanishes the next day, and then it is not there the next time to "buy the dip". We might need to wait a week or two, or even three or four to see real capitulation -- 3500 and 3200 have been suggested as support, but 3000 and 2700 seem just as logical. There is no bottom save for what might be considered a political catastrophe - 2000 would bring on that fear. Good luck.