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To: Michael Watkins who wrote (71224)	2/23/2001 5:47:11 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

Mike, thanks for the charts...as mentioned earlier, my preferred scenario would also be a rally lasting into the 28th, followed by another sell-off, and the REAL panic just as everybody feels comfy and bullish again... have to keep an open mind though, due to the fact that the market is in a terrible emotional state...my feeling is that all the bottom fishers are really 'weak hands'...and the downward acceleration we have seen this week, right on cue after II came out with 61,2 % bulls and 28,6% bears is typical for an impending capitulation imo.