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To: Tunica Albuginea who wrote (10460)5/24/2000 1:10:00 PM
From: Hank Stamper  Respond to of 24042
 
I am still a long way off from picking apples. I need to see a new bottom forming. For a while it looked like the naz bottom might have been 3321. We went through that like a hot knife through butter yesterday afternoon in the last few minutes of the trading session.

Now, we have to start that search for a new benchmark low. We don't really know if we have put in the potential 'first cut' in the bench yet. Once the hot knife stops, then we have to go through the process of retesting the low, preferably on lower volume and other improved internals.

Until we begin that process, I don't really think 72 means anything.

Ciao
David