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Ace Hanlon

03/24/05 3:37 PM

#373870 RE: chainik #373839

Very short term this market can do anything. And I am not smart enough to predict it.


But I am convinced we are headed considerably lower (whatever the day to day jiggles) before a low-risk buying opportunity develops.

This decline (which I consider to be phase 1 of a cyclical bear) is no more than half over IMHO.