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To: Bulls who wrote (22991)5/3/2000 12:03:00 AM
From: Chris  Read Replies (1) | Respond to of 42787
 
for ndx, i have around 3400 as support

also plot 200 simple moving avg for ndx only (won't be of use of naz comp)

you can see we bounced off from there.

again, i view all this a bottoming process (unless we break below the lows created couple weeks ago)... but one should expect these retracements in these corrections.. very rarely we do V-shaped rallies.

in fact, with this rising i-rate environment, i expect the market to be flat and more of a trading style environment.