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To: AK2004 who wrote (4601)	8/11/2000 5:32:03 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 275872

Albert, If I typed 40 it was a typo but I really don't remember that number. Maybe you are referring to the gap that is at 40ish.. top of gap 45 5/8 and the bottom is 42. The number 50 is sort of "magic" as is the number 100 for intra day trades. "MOST" stocks will stop falling and bounce at 50 and 100 long enough for a good trade. LU did that a week or so ago and we made some good trades off that support. It is purely a psychological thing. LLY was one if my memory is correct that I traded when it hit 100 and bounced a while back ... another was TER back the first of May. (How do you make a copyright symbol on a computer keyboard) :-)) As Brooke mentioned yesterday, there is a bit of support around 53 but not much. The RESISTANCE is at 61 1/2 and runs to 66. If you look at a chart you will see that it traded 5 or 6 days in that range before breaking lower...just like one does on the way up. A consolidation if you will but the bad kind. That is going to be VERY strong resistance. If you add up the volume during that period it will be fairly significant. There will be many that says "Boy it I can just get my money back I am outta here". Now where from here? If the upgrade or analysis you posted earlier takes it could go back to the resistance I mentioned. It took a lot of buying today to hold it at the the 200. I did not watch it all day but the bit I did everytime it bumped above the 200 heavy selling took place. Todays candle shows the struggle that went on here and it appears to be a stalemate between the bulls and the bears today with maybe a slight edge going to the bulls if they are not out of money. Dinner calls and I have to run. Monty