Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: westpacific who wrote (96376)	4/13/2000 4:36:00 PM
From: Mike E.	Read Replies (2) of 108040

If we don't bounce off 3650 (intraday low from last Tues. creating a double bottom) or 3500 (approx. location of the 200 day MA) then I don't think we know where the bottom is. This close represents a 28.4% correction since the intraday high of 5132 hit on Mar. 10 (I think). 3500 would be 31.8%. Below the 200 day MA would be a bigger breakdown. I don't think we will go below 3500. IMHO, Mike

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