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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (13295)4/17/2000 4:19:00 PM
From: Mr. BSL  Read Replies (1) of 15132
 
Today, the selling pressure continued at the open until the bargain hunters came in. Since the S&P500 finished up for the day, we can call Friday's 1357 the benchmark low for now. If we get a successful retest of 1357 in the next few weeks or so, and if we have an up day of at least 1% with volume greater than the day before, we probably put in a bottom IMO. This is still alot of if's.

So far we have had the big down day on big volume, a spike up in the P/C, continued selling pressure on the next day open (today), and a close in positive territory.

If we close below 1357 in the next few weeks, we start the process all over again IMO (big down day on big volume, spike up in p/c etc.)

FWIW, Dick
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