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To: Wally Mastroly who wrote (13826)5/18/2000 8:01:00 PM
From: Mr. BSL  Read Replies (2) | Respond to of 15132
 
NAZ closed at the low for the day (3539)...

I guess we look for either:
1) Some strong sell off that pierces 3321 intra-day, on high volume and p/c spike, and finishes the day above 3321 like 10/98

or

2) we work our way down slowly on low volume in which case we don't need to get to 3321 (3350-3400 would be ok) like 10-11/97

or

3) The selling continues and we find try to find support somewhere below 3300.

SP500 could be out of the woods now, but I wouldn't bet on it yet

Regards, Dick