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To: Galirayo who wrote (169527)	7/8/2008 11:17:12 PM
From: robert b furman	Read Replies (1) \| Respond to of 209892

Hi Jot and Ray, NOW we have agood back and forth dialogue going. A vicious bottom with a reversal can just be more down. What we need to see within 4-10 days is a confirmation day on BIG volume. Something that says the institutions are getting back into the next rotation sector - institutions don't hide - they show their footprints in volume. I still say the essence of a bull market is sector rotation. If money is scared - it leaves. If money is smart it rotates to the next value sector. Housing was hot its cold. Real estate was hot its cold. Oil has been hot and the jury is out. Financials were hot and they're room temperature for a long time. What's next in an inflationary world? I say it is the efficiencies of technology - a chronic late cycle distribution blowoff sector. I've been saying it for 8 years now, so sooner or (and it already is later) its due.<smile> There will be at least one more scary great chance to buy the bottom - 3-5 days out - then Ray's Owl box will be screeching BULLLL!!! JMHO Bob