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To: Les H who wrote (392)	6/21/2001 10:19:10 AM
From: Les H	Respond to of 29609

Fed Wonders Where's the Rebound? washingtonpost.com

To: Les H who wrote (392)	6/21/2001 10:20:53 AM
From: HairBall	Read Replies (1) \| Respond to of 29609

Les: I looked over your journal for the first time in a while. I just noticed you have been including potential high and low projection dates... One to add (a little late) 6/20 is 55 trading days from the 4/4 low. I went back and read through a few of your Market/Sector Breadth Journals. I noticed you first added your "Other significant dates" section in your Journal for 6/8. From that journal through the 18th you had the day of 6/20 projected as a potential high. Then with the 19th journal you changed the projection for 6/20 to a potential low. I am curious as to why the last minute change? It is clear how you come up with the dates, but how are you determining a month or more in advance you expect a high or low on a giving date? Regards, LG