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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 (10587)	7/24/2002 5:43:13 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 17639

You don't understand what I mean by healthy. It was VERY healthy to stave off capitulation levels at a time of the year where we face some seasonal market issues. Is a 500 point advance ever healthy in terms of support? No way! But it served its purpose here. If we can hold it or build upon it for 10 days we will be in decent shape to face potentially 2 bad months and not end up at 4000 on the dow. So........was it healthy for the chart - NO.......was it good for the market in terms of an unwanted death spiral to 4000 - yes. We cannot afford to have this thing barf to 4000 in August. Does it change my mind in terms of direction going forward - no.