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To: donald sew who wrote (39265)	12/25/2000 10:30:46 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 42787

Don, there is a channel forming about 800 NAZ wide, and two trading days ago we had a FIB day. Since Sep.1 the market turned up on the eight day and resumed down on the 13 trading day. We are now 10 days from the high on 12/11/2000 so by Dec. 27 or 28 we should turn down. The real test should come on Jan 2 were we may turn up. Support should be provided around NAZ 2300 for the move up be real (2300 is tha start of the BUBBLE push to NAZ 4800) Last year we hit an intermediate high on Jan 3, 2000 at 3837 (NAZ) only to drop to 3315 on the Jan 7th, or 500 NAZ points. So after a prolonged slide this year, we may mirror last year to the upside. BWDIK Haim

To: donald sew who wrote (39265)	12/25/2000 11:36:14 PM
From: Ibexx	Read Replies (2) \| Respond to of 42787

Hello Donald, This week's Barrons has an interesting article on the so-called Epstein's Law. Simplistically the EL states that, based on historical data gathered all the way back to the 1950s, the market is an unreliable predictor for recession, yet a darn good one for its recovery. Further elaboration of this theory led to the observation that if a 10% recovery is achieved from the market trough (in the midst of a recession), then it could be safely assumed that the recession would be over in 1 to 5 months. Any comments from this board would be appreciated. With holiday heers, Ibexx