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[sjj]

Going to be a very volatile market this year. Without an encumbant running for office, the applicants are promoting fear saying, "We're in serious trouble and if you don't vote for my party, particulary me, we are going to bleed." Towards election time and soon after confidence will gradually come back and we'll proceed in earnest with the Bull. In the meantime, I'm figuring a 100 point S&P recovering starting very soon if not later tomorrow. At 1400 I'll unload as I anticipate another test of the low - then a more serious rally - probably another retest after that. I do not believe the Bull has been broken - just a correction/testing period that is more than due after 5 years.