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To: velociraptor_ who wrote (19000)	11/1/2001 5:37:03 PM
From: sandeep	Read Replies (2) \| Respond to of 209892

Thanks Velo, so, it is still possible to reach the all time highs in the next year or so, eh? BTW, one of the reasons for not issuing longer term debt is really to reduce the borrowing costs for the govt and the consumer. Because there is the 30-year supply and a good metric, the lenders are charging TOO MUCH for lending to consumers and the govt. The lenders should offer loans according to risk factors of a particular borrower (consumer - not govt) and not by using some artificial instrument like the bond. The lenders are not doing their homework and still using this outdated instrument and overcharging us, you and I. Also, the govt has to play by the same rules and pay out too high an interest on a 30-year loan. Maybe they have really figured out that they won't need loans of that duration going forward. So, they are trying to manage their finances better. What's wrong with that? If we do rach the highs, IMHO, the Microsoft mystique might continue. After all, the high was nearly marked by failed settlement talks and the low might be very near a successful settlement.

To: velociraptor_ who wrote (19000)	11/1/2001 5:49:22 PM
From: Paul Shread	Read Replies (1) \| Respond to of 209892

Velo, I believe a lot of us see a run to 9700 before a substantial correction anyway. FWIW, a potential broadening top in the Dow makes a break of 9000 look pretty bearish, IMHO, target 8400-8500 minimum. cache.wsrn.com

To: velociraptor_ who wrote (19000)	11/1/2001 7:39:13 PM
From: bcrafty	Respond to of 209892

velo - thanks for the detailed, well explained update Everyone should give their E-wave scenarios as well as you do. You are one of the few people who does not assume that the reader already knows what you are describing and you take the time to go through it and explain it. I'll look for your charts and patterns in your daily update on your site tomorrow.