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To: Rocket Red who wrote (35257)	4/15/2000 11:59:00 PM
From: Ward Nicholson	Read Replies (2) \| Respond to of 62347

My own thoughts FWIW, 2650 on the nasq and give it a few more to say bottom could be around 2500+- points I think there are a variety of scenarios that could happen (there always are). We could open up slightly below where we closed Friday and then rally in the form of an outside day, in turn leading to a move to ~3800. We could open slightly higher only to sink all day to ~2900 just like Friday's action. We could just end up sideways for the day in the form of a small or large doji. We could gap down several hundred points at the open and then rally all the way back to where we closed on Friday. Or, we could just completely crash 1000+ points. Etc. I assign different probabilities to whatever scenarios I can think of, but the truth is I don't know and won't know until the market opens. Therefore, one must be prepared. The one thing we all know without a doubt is that the market has not yet reversed. It's up to each individual trader to decide whether they want to speculate that we'll reverse at a certain level, or wait for the bottom to be put in. Emotionally that is difficult because in the back of everybody's mind is the thought of a kick-ass rally once we do reverse, and every trader wants to be on that rocketship including me. However, the NAZ can be construed as a falling knife. They are awfully hard to catch without getting cut. Traders on this thread have different ways of trading. I specialize in reversals. It's taken me years to obtain the emotional control to wait for the bottom. I still get caught sometimes, but I get better every year. All I can say is that I will be watching Monday for reversals in a number of tech stocks and the NAZ in general. The reversal might happen right away. It might not happen at all. But, I will wait for it to occur. My gut feel for Monday is that we open up moderately down and then accelerate to the downside with an intraday reversal around 10:30 ET. That is just pure speculation though. WN

To: Rocket Red who wrote (35257)	4/16/2000 9:25:00 AM
From: Buckey	Read Replies (3) \| Respond to of 62347

RED - I think you are way off on your numberes here About 2 years ago the Nasq Market topped out at 3800 or 4000 The nax never even went above 2100 until a little over a year ago. All technicians continue to call for minimal downside on the NAZ versus the upside. I am there - I agree thaat monday will be interesting - I see a ton of fear on these boards but that is not what I am hearing from the rational people on TV and in the field - The word from the brokers down thru to their clients is that - LONG TERM. I still see 5000 on the NAZ this year - I would also not be surprised at all to see the NAZ hit 400 this coming week.