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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (15455)	7/23/2002 2:41:20 PM
From: stockman_scott	Respond to of 23153

MARKET TALK: He Might Not Get The Laughs He's Looking For 23 Jul 10:19 Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201-938-5299; All Times Eastern) MARKET TALK can be found using N/DJMT 10:18 (Dow Jones) Here's a thought from Tom Galvin, chief investment strategist at Credit Suisse First Boston, for investors who want a quick end to the pain the market has been inflicting: If the Dow continues falling at the 400 point rate it did last Friday it will reach zero in just 20 trading days. (KJT) 10:03 (Dow Jones) Merrill technicians say losses over the past few months have pushed intermediate-term momentum indicators to historic extremes. Monday, the S&P 500 moved to the band 25% below its 200-day moving average. The index has only moved below this band three times over the past 75 years - in 1973-74, 1937-38, and 1929-32. In the first two instances, the move provided at least a short-term buying opportunity. (The Great Depression provided an extension below this band for the final year, they say.) They also note the S&P 500 has neared the 50% retracement level connected to the 1974-2000 advance, at 806.90.