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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31218)	4/17/2000 2:48:00 PM
From: James Strauss	Read Replies (1) of 50167

Ike: We are beginning to get some late day buying... finance.yahoo.com The 200 day MA of 3400 on the Nasdaq is acting like a magnet which is pulling the index back up to it... If we see substantial improvement in the New Lows on the Nasdaq it would suggest a bottom... If the New Lows continue to overpower the New Highs, we'll have another 10% to 15% to go... finance.yahoo.com Given the tremendous disparity between the New Lows and New Highs on the Nasdaq, we could be seeing the extremes before we settle on a bottom... Jim

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