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What Dow Theory phase are you estimating we're in now (early September 001)..distress selling or still in decreasing earnings?


What Dow Theory phase are you estimating we're in now (early September 2001)..distress selling or still in decreasing earnings?

I think the rampant speculation phase ended in 2000 when the Nasdaq turned down. I think the answer is different for different markets. However, in general terms, I think we are in the early part of decreasing earnings.

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