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To: IQBAL LATIF who wrote (31570)	5/25/2000 10:29:00 AM
From: IQBAL LATIF	Respond to of 50167

Dr. John Faessel <<Could the sharp drop in the use of the National Suicide Hotline posted last night have any correlation to the out of the ashes reversal in the NASDAQ? Anyway you look at the situation yesterdays tape was impressive. Going into the session big tech leadership showed tandem breaks of recent support, with price falling into the late 1999 old trading range support after the huge Jan/Feb/March bulge. That's the famous sombrero chart. With the old leadership now setting up the possible Mexican Hat trick formation. Or an extended play-out in time into 2001 or longer. For the Index's, the recent missing ingredient has been the volume, well we got it yesterday, at the right time and place. Pictures of double bottoms and reversals on significant volume increases will have the technicians kicking their heels. One of the great charts to look at it is General Electric, (GE) just off recent highs, like "what correction"? Another interesting chart for bottom pickers is ATT, (T) which looks like a bottom is in.>>

To: IQBAL LATIF who wrote (31570)	5/25/2000 10:31:00 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 50167

Ike, I'm less confident this morning about the market convincingly breaking/holding above SPX 1408. I'm not convinced we have enough depth of conviction on the current move. The divergence w/ the DOW suggests I'm correct. I see a trading range of 1368-1408 for a little while even though many stocks are in an oversold position. Now we have a 3 day weekend. I'm told Memorial day is one of the best days historically to buy. Aren't we closed that day? I guess they mean Friday/Tuesday? I'm very cautious especially with the uncertainty in MSFT <g> You got CNBC in Paris? I guess you do! I got to get out more<g> Message 13774516