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To: SJS who wrote (12757)	3/30/2000 5:12:00 PM
From: Snowshoe	Respond to of 14427

>>It is absolutely a cardinal rule to NOT use market orders on NAZ AT ALL.<< I usually use limit orders. What really got me steamed was the slow confirmation (six minutes) on a market order. However, I agree it's not worth pursuing. Now here's Cramer's comments on today's close... Not a bad close. My technician, Todd Harrison, called a V bottom, which is a pattern that looks like a straight up off the bottom move. I never like to call anything bullish on a down huge day, but the last half-hour saw a nice comeback. We wondered whether the margin selling reached a climax at 3:30 p.m. and that allowed the market to lift. What would make us more bullish? Simple: If companies pulled underwritings. If brokerages stopped allowing venture-capital firms to put out new deals. If some dot-coms were to just go belly-up and NOT be replaced by new underwritings. We need to see some discipline on the part of the sellers. We have to see these deals cancelled if this is anything more than a "saved by the bell" V bottom. I am going to monitor Ben Holmes closely over the next few days. If there is no cessation of selling -- if there is just the same, old same old -- we aren't going to do anything but kick out the stuff we bought on that last round of buys indicated in the "wazoo emergency" piece.