To: Donald Wennerstrom who wrote (4022 ) 7/15/2002 7:48:02 PM From: Sam Citron Read Replies (4) | Respond to The DOW call was purely random, but so is the DOW on a moment by moment basis, which is why I was so reluctant to even venture a guess. But IF we get the 2 to 3 week reprieve you are looking for, the DOW could well rise 15-20% from current temporarily oversold levels, a very tradable rally indeed. Hope is a very powerful force, especially while things are rough. We should know by tomorrow's close. That's a more interesting contest than today's. [My prediction tomorrow: down 150]only 8%, down from 20% less than a year earlier. It would have been impossible to predict the end of the bear market even a day earlier. But that summer night everyone who was paying attention knew that something important had just happened. The market itself had told them so.
