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To: Glenn D. Rudolph who wrote (100866)	4/15/2000 12:29:00 AM
From: Danny	Read Replies (1) \| Respond to of 164684

<<I just hate to lose the time premium.>> Glen, unless we are hitting a 1 in 100 odd next week, NASDAQ will most likely bounce off the 2900-3000 level. I could not imagine the market could dip lower than that level. Even a dead cat will bounce a little:) On the other hand, if that 1 in 100 does get hit, the ripple effect will not only affect us investors, but likely on the whole economy, which is almost impossible to happen at this point. I would like to bet that if NASDAQ cut through 3000 level, Fed will stop raising the rate this year. The only thing saved us all (and thanks God for that) in 1998 was the 3 consecutive rate cuts by the Fed.