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To: Tommaso who wrote (185526)	8/2/2002 12:16:21 PM
From: Les H	Read Replies (2) \| Respond to of 436258

it looks like we have a lot more of those rallies ahead chartoftheday.com

To: Tommaso who wrote (185526)	8/2/2002 12:45:00 PM
From: stan_hughes	Respond to of 436258

I prefer the Wilshire 5000 as my coal mine canary -- big samples filter out the effects of sector rotation -- but IMO right now we're still only looking at a potential retest here. However, if the slide persists for a few weeks and we breach 7396 basis the Wilshire, the next leg down measures out a 30% haircut over the next 10 weeks from the recent high ~8700 to about the 5500-6000 level, depending on when and where you mark off the original starting point in the spring. That would be about a 50% flush from the highs for the combined legs and I suppose we'd be able to use the C word then if it happens bigcharts.marketwatch.com