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Alexander

10/01/04 3:41 PM

#304586 RE: Zeev Hed #304254

Zeev

I was not expecting at all today's market action.

To be honest, I have no idea what in the near term the general index will do. I think it's highly unlikely it will go below 1820.

I do believe that by year's end the index will most likely increase at least another 10% from today's level.

Alexander