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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (51623)	6/5/2002 12:45:32 PM
From: Eric L	Respond to of 54805

Bears Be Gone * OT * >> CHARTS INTACT Reuters London June 5, 2002 Chartists said the upleg in stocks since last September was intact despite over half of the gains being wiped out. "It's nothing else but a healthy setback in a new long-term bull cycle that we started in September last year," said Thomas Anthonj, a chartist at ABN AMRO bank in Amsterdam. A war between Pakistan and India or double-dip recession in the United States would be a big hurdle but the market was already beginning to factor the latter in, he said. The Euro Stoxx 50 index has given up about 60 percent of the gains it has made since September, but up to 70 percent of the first leg of a bull cycle can be retraced and still leave the advance intact, Anthonj said. Historically, investor sentiment is at its most bearish when the first stage of a market recovery peters out, he added. << * EOT * - Eric -