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To: Jibacoa who wrote (8269)	3/22/2001 12:44:19 PM
From: Jibacoa	Respond to of 13094

The DOW: Has been on a temporary recovery mood since 11.43AM but still showing a 170 point loss for the day.<g> For the "recovery" to have any impact it will have to overcome the "resistance" of the failed earlier attempt to recover at 10.55 at the 9420 level and that is still more than 150 points above present levels.<g> On the other hand it is somewhat worrisome the remarks of Sir Templeton that since bear markets usually last about 1/2 as much as bull markets and he feels the last bull started in 1982 and lasted for 18 years, we are headed for 9 years of "stagnation". I guess uncle Al better turns the spigot of the monetary base wide open.<g> At any rate, I am sure we will still see some high volatility days ahead. Good luck to all, we are still going to need it. Bernard

To: Jibacoa who wrote (8269)	3/22/2001 6:48:42 PM
From: James Strauss	Read Replies (2) \| Respond to of 13094

So from now on, forget about the interest cuts and just keep an eye on the "monetary base".<g> Bernard: I believe they added something like 75 to 80 billion dollars just before the end of 1999... But, the last two rate hikes set up this economic and market slide... Maybe we should Replace the FED with a computer program that tracks the 3 month Treasury Bills... : > The 1800 area on the Nasdaq is looking ok for now as support... Using a 1:5 ratio to the Dow, we should see the Dow make a stand in the 9000 area... Jim