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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (2225)	8/30/2000 1:29:33 PM
From: E. Graphs	Respond to of 4564

Steve, A lot can happen both ways on light volume, so I've taken some profit now. Nasdaq and Dow look extended. Nasdaq has quite the resistance to beat by months end, and I expect it to fail and fall back to 3900, make a small rally from there and continue to fall back to retest the lows of March, possibly filling a gap at 3200 area. Hopefully, there will be lots of momentum trading to make money while "investments" suffer miserably. Until Nasdaq takes out major resistance that would be my call. E