CLOWNS TO THE LEFT OF ME.. JOKERS TO THE RIGHT. Message Board

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Pastimes : CLOWNS TO THE LEFT OF ME.. JOKERS TO THE RIGHT.

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To: coug who wrote ()	4/25/2000 9:22:00 AM
From: Topannuity	Read Replies (2) of 306

* IF * (a big IF) we hold this morning's opening gap up in NAZ futures, on the charts we have BOTH a double bottom with the 4/17 lows and an island reversal from yesterday's range. Each of these denotes at least a short term (several weeks) bottom. Interestingly, the topping pattern in March was also a "double top". Often a market will make a pattern mirror image at the bottom as it did at the prior peak. Additionally, Chris Carolan was looking for the low of the year to be put in by yesterday (4/20). Peter Eliades however is on the fence. He has lower projections but also allows for a low (at least short term low) around here. Robert Miner is still bearish (but will be stopped out of his S&P shorton today's open).

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