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<DIV><FONT face=Arial size=2>Hi Guy,</FONT></DIV>
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<DIV><FONT face=Arial size=2>You had better get that wallet out and put it on
the table. My estimation is the 3rd September for the next leg down. Check the
All Ords market in Australia for the 3rd when you get up in the morning. If it
has moved down strongly your markets are likely to follow. If the All Ords
doesn't move down forget what I have just said.</FONT></DIV>
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<DIV><FONT face=Arial size=2>The following is a snap of the S&P 500 cash in
Ganntrader.</FONT></DIV>
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<DIV><FONT face=Arial size=2>Regards,</FONT></DIV>
<DIV><FONT face=Arial size=2>Dick.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
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<DIV><FONT face=Arial size=2><IMG align=baseline alt="" border=0 hspace=0
src="cid:001001bdd625$dc377d40$LocalHost@xxxxxxx";><BR><BR></DIV></FONT>>Bill<BR>><BR>>Well,
we picked the selling point, just never got off waiting for one of
our<BR>>confirming signals. First major move we've missed in 16
years. What a time<BR>>to be on the sidelines. At least we
weren't long <G>.<BR>><BR>>Anyway, we were looking for an interim
support today around 998-1000. Blew<BR>>through that. Our next
support is 968. I was hoping we'd get a 60%<BR>>retracement back up so
I could put on some of these short positions I've<BR>>been carrying around in
my wallet <ggg>.<BR>><BR>>Our target for the DJIA on this move down
was 7200 +/-. At that time, we'd<BR>>sit down and try to estimate where
this might take us. I noticed Jerry<BR>>Favor had an initial Dow target
of 7140 with his objective being
6000.<BR>><BR>>Regards<BR>><BR>>Guy<BR></BODY></HTML>
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