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To: Jorj X Mckie who wrote (10763)	10/31/2002 1:28:18 PM
From: bramble88	Read Replies (1) \| Respond to of 57110

MER also formed a H&S (best visible on a 30min chart); if it bounces here, it is most likely go for a retest of the neckline at 38.5 -I don't know abot 39. But then, MER can be surprisingly ebulient at times.

To: Jorj X Mckie who wrote (10763)	10/31/2002 1:31:04 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

Seven minutes before the Chicago PMI numbers were released, briefing.com released the following blurb. 09:53 ET Hearing rumor that Chicago PMI was leaked at 54% We have no idea if this is a credible leak -- we cannot recall a leak of this number in the past, and leaks of economic numbers in general are very rare. I think that it is highly unethical for a news reporting group to release rumors like this that can move the market without naming the source. I have been writing to them whenever they do this. Here's the actual PMI news. 10:02 ET Chicago PMI weaker than expected The decline in the index to 45.9% was below the consensus of 49.0% and even more disappointing relative to some pre-release rumors of a 54% number. The ISM number tomorrow carries more weight than a regional index, though clearly this weak reading increases the risk of disappointing numbers from Employment and ISM. Dow falls to -21. 10:00 ET Chicago PMI 45.9% vs 49.0% consensus