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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: John Trader who wrote (45439)	4/15/2001 7:13:58 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

John, the Richard Russell interview is just another piece of journalism that is timely. Timely because it makes for an interesting headline "Dow 2500 anyone?" - even though that is Russell's worst case as shown in the chart. Does anyone really expect the Dow to lose another 75%? I think Jacob's stance of waiting for a clear reversal of trend in the indices is prudent for loss aversive investors. They'll miss the first 20% [a guess] of possible gains from the bottom, but will be safer. As of now, the NYSEbp has not reversed up - and that is one of the more reliable indicators. Yes, a little TA comes in handy now. Gottfried