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lentinman

04/17/05 11:31 PM

#9490 RE: stock_peeker #9489

Peeker: MSGI: Monday:

MSGI: I believe Tokyo follows us. I wouldn't assume it will affect the US market, but 3.3% IS a lot!

I think Monday will be an up day. If I had to guess, I would say it starts down (-30 points), rises to +60 points and ends at +45 points. It seems unlikely that after three days like we have had, that there won't be a LOT of people (even if just short term traders) that won't see this as an oversold condition and try to make a trade on it. If Monday is a 4th triple digit down day, then IMO, the technical damage to the markets is critical - and at least twice the technical damage at this moment.

Len