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Re: Patrick Bateman post# 9517

Monday, 07/29/2002 9:40:53 PM

Monday, July 29, 2002 9:40:53 PM

Post# of 704019
1295 is about right, but I have 1263 as the possible target in few days (in essence a full 50% retrenchment of the 1192 to 1335 move). On the Dow, the 8200/300 area should provide support. I would not become too bearish around here, even if the retrenchment we face look harsh. We may be witnessing a change in market psychology, IMTO, this is very bullish (having 4 GPT days on the NYSE in a row, means that new buyers have come in and are buying almost with "abandon".

Zeev




AZH

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