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Pastimes : Nasdaq Bottom?

QQQ 629.07

+0.5%

Oct 31 5:00 PM EST

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To: Mr. Aloha who wrote (16)	12/24/2000 9:52:39 PM
From: bob wallace	of 73

Mr Alhoa don't get me wrong, I would love to see a rally to 3500, it would allow me to get out of a lot of bad positions, but I dont think we are going to get it recently I saw a downward sloping Channel for NDX that looked credible to me which showed a top of channel at 2805 the reason that I dont think we get the rally is that everyone but everyone thinks we are due, they also thought we were due at the end of October and the end of November everyone is talking about Friday's rally as the cornerstone of the reversal - the only problem is that this is about the third one of these we have had, and none so far have resulted in much more than a two day rally I surely hope that I am wrong, but at the moment I dont think so Bob

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