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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (64276)	6/10/2002 12:56:01 AM
From: Donald Wennerstrom	Read Replies (3) \| Respond to of 70976

Bob, I am not sure what to expect this week. I think there will be some upside movement, but I am not sure it will hold. We may have some more down side for the next 2 to 3 weeks. Having said that, the last 3 weeks in a row have been down, minus 11 percent, 4 percent and 7 percent respectively. The market is due for an "up" week, but it doesn't have to be up.<g> I don't think the "bottom" is in yet. A real reversal day is needed like 8 October 1998. The market opened that day at 1415 - went down to 1357 - rose more than 100 points to 1462 and finally closed the day at 1419 - 4 points from where it started. But from then on, it was up, up and away. Four months later, early February 1999, the NAZ was at 2500. More than 1000 points in 4 months. I don't think that is going to happen this time, but we could get a good run - after we hit the "reversal" day. Don