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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (10290)	7/23/2002 11:10:35 AM
From: Dave Gore	Read Replies (1) \| Respond to of 17639

Capitulation may not happen in the traditional sense because EVERYONE is expecting it. We may find that we will start to turn around near Aug. 14th (CEO's signoff deadline for earnings) or before if earnings keep coming out better than expected. Of course the worry is that CEO's and CFO's will then be low-balling numbers, at least at first. It would be a temporary rally with backfilling but we simply may never get an exhaustive bottom. The rally will just slowly sneak up on people. That said, I still would feel better about buying if we hit at least 1200 Naz and 7500 Dow and an S&P of at least 750. But with all the Dow stocks reporting good earnings we may not get it.