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To: pater tenebrarum who wrote (124307)	9/20/2001 3:51:00 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Yes, it failed spectacularly. That pretty hammer from yesterday went to waste (just like all the others over the last 2 months).

To: pater tenebrarum who wrote (124307)	9/20/2001 3:59:29 PM
From: steve susko	Read Replies (1) \| Respond to of 436258

here is a clip on 98's lows: On September 1, 1998 the DOW bottomed at 7379.70 and a few weeks later formed a double bottom with another low at 7399.78 on October 8th, 1998. That’s still about 900 lower! The S&P 500 hit a major low on October 8th at 923.30. That’s still about 90 points lower! Lastly the NASDAQ hit an important low on October 8th, 1998 at 1357.09 that is very close to current levels of 1488. So a low at 1194.16 made on April 25th 1997 looks more likely to be relevant, or some where between the two.

To: pater tenebrarum who wrote (124307)	9/20/2001 4:14:59 PM
From: John Graybill	Read Replies (2) \| Respond to of 436258

Heard this myself on CNBS this morning, absolutely not making it up: Tom Costello was desperately trying to spin something good out of the Nasdaq being down another 40 points from yesterday's close: "We're just off the lows off the session, but we're well off the lows of yesterday's session..."!

To: pater tenebrarum who wrote (124307)	9/20/2001 4:18:25 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 436258

Heinz, the markets are quite dangerous at this moment and currencies are in inverse lock step with the stock market. We are close to a bottom as currencies are more or less flat. home.nyc.rr.com The spirits are very low and this adds to the sell off. Further many Arab institution are fleeing as are possible institution in Japan. When this selling subsides ......... which we out on SI do not know I suspect we will reverse quite sharply. From an economic point of view taking into account currency exchange levels, interest rates and stock market valuation justify a sharp rebound of around 10%. I prefer to be in trash ....... otherwise called cash. Fully hedged on my Euros. Haim