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To: NOW who wrote (68059)	3/7/2003 2:18:15 PM
From: JRI	Read Replies (1) \| Respond to of 209892

Well, this is only my IMO, but without a 5-7% decline in next few days, the Bradley low indicator becomes somewhat meaningless (IMO).. I am assuming by drip, drip down...you are thinking a lesser decline..maybe 2-3% from here? A lesser decline likely doesn't take us past the 1260 (or so) low of a few weeks ago...so Bradley would not be calling any sort of major low...it would be a double bottom (or sorts) off a previous low Unless you believe we take off (for a while) from that Bradley margin low (and it becomes, by virtual of the launch, a more significant low). Here are I show my bias....I just don't see a way we can launch any move of substance off the 1260 or so level....I don't see enough washout for such.....so I don't see/believe the C scenario from there (A starting in Oct, B in Dec)...if I am wrong about that, then yes, I would be wrong about this entire episode.. That's my faulty logic, and I'm sticking to it-g