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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: el paradisio who wrote (51680)	5/22/2000 5:17:00 PM
From: Road Walker	Read Replies (4) \| Respond to of 99985

Are any folks willing to go out on a limb to call this the successful retest, and double bottom in the compx? It didn't feel very climatic, but I'm not sure that's a requisite for a retest. Although the total volume wasn't great, there were a lot of shares traded in the tech leaders, which would lead the way higher. Total equity and index calls/put contracts traded Friday were 1.8 million/1.5 million, the highest number of puts to calls I've seen in years. Anybody willing to go out on a limb and make a call? (not me) John

To: el paradisio who wrote (51680)	5/22/2000 5:21:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

el: That 10400 area on the Dow has been a pretty reliable support area... The NDX is where the early signs of a bottom will show because of all those big gun companies there... People will dip their toes in those waters first... Jim