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For all who may be salivating over the prospects of adding formerly too-expensive companies to their holdings - yet wondering about this indecisive market - and not wanting to jump too early at prices on the way down:

Here's a little trinket to add to the list of signals that bear watching. This one gleaned from the column of J. Cramer at TSC (Cramer-bashing not necessary, please - just ignore it if you don't approve.)

(He's discussing watching the bank stocks as a group, specifically the BKX.... referring to this as one of his many "tells").

"Right now the banks are confirming my view that you
have to keep some chips on the sidelines for lower
prices still."
(J. Cramer, TSC, 7/23/99)

Just wanted to pass along that gem.

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