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To: bela_ghoulashi who wrote (10062)	3/30/2000 10:49:00 PM
From: bela_ghoulashi	Respond to of 35685

Historical Odds favor a rebound Friday, from the Yahoo ANAD board: Let's Rock On Fri. !! by: aavenger7 (40/M/Asheville, N. Carolina) 3/30/00 9:41 pm Msg: 3605 of 3605 Thursday March 30, 2000 (4:37 pm ET) Historical Odds Favor NASDAQ Rebound Friday By Paul Cherney, S&P Market Analyst NEW YORK, Mar. 30 (Standard & Poor's) - Immediate NASDAQ support is 4364-4291.01. The 4291.01 mark is a "line of death." (A "line of death" is the lowest print of a sideways consolidation. It represents a "give-up" point, one at which bulls lose there faith in the upside, and toss in the towel). Usually, the first test of a line of death produces a swift reversal and rally. I can't rule out a descent intraday on Friday which undercuts Thursday's low print (4355.69), but I would rate the chances of a rebound that sees a positive close for the NASDAQ at about 86%. The contrapositive of this situation means that there is roughly a 14% chance of a further shot down which does not recover. Julian Robertson made it official today -- he will be closing his six hedge funds. Robertson was a value hedge fund manager. Often times, a headline like this represents a sea change in the investing world, almost a capitulation in that the style of management he employed finally forced him to shutter his doors. Now, in the convoluted logic of Wall Street, the value approach might turn out to be a dominant theme going forward. 30-Mar-2000 16:37:13 (02656685) Copyright 2000 Standard & Poor's Investment Advisory --------------------------------------------------------------------------------