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To: Wally Mastroly who wrote (4884)	8/16/1999 1:52:00 PM
From: James Strauss	Respond to of 13094

Wally: Many times long term bottoms can be counted on for support... Sometimes there is a break below those support lines... The long term A/D line is searching for a bottom... decisionpoint.com Last fall the McClellan Summation Index broke a multi year support level as the market corrected nearly 20%... Now, it's testing the lows of spring 1997. decisionpoint.com A break below this level could be very bad for the market... A turnaround from here could signal the end of this correction... Today's market breadth with poor A/D and high New Lows won't help Laslo's argument... finance.yahoo.com Jim