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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: IndexTrader who wrote (413)	3/12/2000 3:33:00 PM
From: robert b furman	Read Replies (2) \| Respond to of 33421

Hi IndexTrader, Thanks for the post. I also think the dow is really weak here. The 1999 low was 9120.67.In this volatile market a psychological number may play a pivotal role in bringing down the other "houses of cards".Is there a particular reason you view 9500 as support - just seems so close to where we've already traveled (especially in these volatile markets). Slacking off volume after failed rally to 10500 makes 11908.5 look like a lofty "if only I had sold at" memory. A break of last april's low in the 9500 range is the the first target with the years low as the next reasonable support level. Do you have other reasons/support level thoughts?? Bob