[narses]

"I expect the current sell off in the stock market to continue (in the usual two steps down, one step up pattern) until about 21 March,..."

Note the date (3/11/03) of the post. Note the actual performance of the market since March. QED!

[palmer]

Two steps down, one up is still applicable, see chart: http://finance.yahoo.com/q/bc?s=^SPX&t=my&l=off&z=m&q=l&c= The next two steps down may be postponed until later in 2004, but that will only make the drop worse.