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To: jay7_wallace who wrote (164680)	3/15/2008 10:42:28 AM
From: robert b furman	Respond to of 209892

Hi J, Sure could be called a cup and handle. Both tops found resistance and tech hasn't done much during the entire cup. I think it is much more a point of rotation than it is a long term decline. Global growth lean inventories A financial debacle called sub prime credit squeeze this time -when last time it was called an asian contagion. I still think it is a mid cycle correction that is cleaning up a mortgage origination fraud that primarily bypassed most banks and the toxicity is in the investment banks - some of which will end up having their bones picked by the strong still standing banks i.e. Bear Stearns and JP Morgan Chase. When we get through that,we'll see a strong global resumption matched only by higher interest rates. It is time for major infrastructure improvements and American exports (food and technology) will be vibrant as the entire world strives to reach for what we take for granted. Keep in mind many of our corporations are out there harvesting huge international profits as we get through this artificially pumped up Real Estate fun. Time for a rotation of leadership.Look for stocks that swimm up stream during this decline. JMHO Bob

To: jay7_wallace who wrote (164680)	3/15/2008 11:55:14 AM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

Frankly, jay...not much...Not my cup of tea ..LOL

To: jay7_wallace who wrote (164680)	3/15/2008 12:05:29 PM
From: jjstingray	Respond to of 209892

Jay, another possibility is that your 5 in that chart is a 3 and we are in a major 4th wave correction. Just threw that out there for kicks.

To: jay7_wallace who wrote (164680)	3/15/2008 1:38:25 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

My Chart is Celebrating it's 1st Birthday Today. The Gann Box projected the Oct Top within a reasonable time frame. But there is a very long open area we're arriving at where no fans produce a Turn Date. The Box ends in 2010. But since Oct was the Actual Top .. that time frame will extend out a few extra months now. I have a new one drawn up with the Oct Top as the actual date. But since this one is celebrating it's 1st B-Day today .. I'm posting it. :) Since it's such a Long term chart the dates are not as accurate .. home.columbus.rr.com