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To: Gut Trader who wrote (6388)	7/27/2000 1:23:54 PM
From: pater tenebrarum	Respond to of 436258

you seem certain that it will melt...imo we are now in the area where government intervention in the market usually comes forth. they'll try to support it and jump-start a rally. the question is only if they will succeed...my view that there is a valid long term bearish case for a test in the 4-figure area remains....BUT the current retreat could just as well turn out to be merely a correction of the preceding rally. if so, 15,800 or so should hold...that's a fibo retracement area.