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To: bill meehan who wrote (21316)	2/24/1999 3:05:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Bill, I think it's hard to over estimate how bearish this break of the 5.42-5.45 is for the bond market and by default the equity market. the straight edwards and Mcgee measuring implication for the ascending triangle that the yield has penetrated today at 5.42 would have a measuring implication of 6.10-6.15%... that would even have Garzarelli's model below 30 and in a market sell mode. 6.15% should provide a 12.5 to 17.5% correction in the stock market. just a thought

To: bill meehan who wrote (21316)	2/24/1999 3:08:00 PM
From: IceShark	Respond to of 86076

I understand that there was enough tension within ML that both decided it was time to start checking out the escape pods. -g- You are closer, but I understood the brokers were not at all happy, especially with Kurlack. BTW, what kinda controlled substance is Ralph A. smokin? Glad his room is rubber lined 'cause he might hurt himself with all the bouncing around he is doing. You don't have to answer that. -g- Yep, DOW 666 would sure get attention. Maybe you can work out a joke on this theme and tell it when you are on the tube, that would sure be a hoot. Ho, ho ho .... Glad Luc went over to the dark side - the market turned at about exactly the time he posted. -g-