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To: Gottfried who wrote (6638)	8/8/2003 10:19:14 AM
From: Return to Sender	Read Replies (2) \| Respond to of 13403

OT*** Boy the SOX is really not looking too healthy here. It is not able to get back over the 50 day moving average so far. Looking back at the last couple of years the market has put in important tradable bottoms in the September to October time frame. Today 40 on the BPNDX seems like a long way to drop but ultimately stocks don't need to fall too far off of the individual highs to lose buy signals. The area around 40 often looks good for a bounce but often times the BPNDX goes lower. In March it was 30 where we turned higher. I guess whatever we get in late September is going to have to be fairly close to a seasonal bottom unless we have to throw seasonality completely out of the picture. Thanks so much for your opinion on a potential BPNDX low. I am not as bullish as you are on the market but I always know I can count on an answer from you that will not be completely tinted by rose colored glasses!<gg> RtS