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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (19590)	8/28/1998 8:01:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Morning Jim I couldn't agree with you more on Russia... As for the bottom, I have posted here 7400, which would be a solid 20% correction... not unreasonable between now and Dec window dressing...The Fundies & Institutional managers will dump their junk and buy the top end for sure.. I'll nibble shortly, say a 1/3rd position, and continue to add thru the end of the year... I'm looking for a technical rally but it won't hold, we'll go down to test the lows again, and then maybe "capitulation" might occur at my levels...that's when I will buy in earnest... the Fed doesn't have to ease, the markets have already done that for them....still a nice senario out there, albeit a shakey World Market problem... to say the least this is certainly got my attention...:>}