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To: el paradisio who wrote (6477)4/17/2000 3:31:00 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 11568
 
re: support at 37 9/16

I don't understand your reasoning. The low last friday was a new low for the stock. Since the peak in summer 1999, we've seen a pattern of lower highs, and lower lows. A descending channel. Last friday confirmed that pattern.

What more do I want? A bottom won't be confirmed until we bounce several times at the same price, or rise decisively above the descending channel.