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To: stan_hughes who wrote (189840)	8/28/2002 4:44:39 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<A rough eyeball of where that exit point might be is about SPX 875 if it's reached in the next week or so. Slice through there to the downside with any degree of authority and you'll be hearing lots of calls for SPX 675 as a completion target.>> 870 would also be the 50% Fibonacci retracement level for the entire rally from July 24th. A quick bounce there would put in a right shoulder on a H&S that would measure perfectly to the old lows. Probably too neat a scenario to actually happen, but it bears watching. I think we at least complete the 38% Fib retrace at this point to 892 before any serious bounce, barring tape painting histrionics tomorrow and Friday. Friday will be interesting in that there are some major macro numbers coming up (Michigan sentiment, Chicago PMI and Personal Income). Not sure if that's enough paint thinner to fend off da Boyz, but we'll see.....