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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts. -- Ignore unavailable to you. Want to Upgrade?

To: eichler who wrote (675)	8/17/2001 8:49:46 PM
From: robert duke	Read Replies (1) \| Respond to of 2290

Well things do look to strong. Wemay have very well tested the lowes of the year and are going to sit in the 1600 to 1900 range for the next 12 months while the market builds earnings back into the stocks and the pe ratios are lowered back down to a reasonable level. I think the market will begin to take off sometime next year around the middle of the year. Invetories wil have been worked out, tax cut will be in and people will have reduced debt enough to help the budget and the spending will again begin.