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jdaasoc

11/22/07 10:51 AM

#111304 RE: mikemargin #111293

Agree that fear and panic haven't arrived.

Decline as been orderly averaging about 0.5-0.6% per day on average. In the absence of panic, market continues until next inflection point on on DEC 11 or 12??? when the FED meets

Idiot math means approx 10 trading days at this measured decline or 5-6% lower from here.
FED decision provides the starting point for rally that retraces some of the decline into option expiry on DEC 19th.