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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (33304)	9/20/2000 12:57:27 PM
From: drsvelte	Read Replies (1) \| Respond to of 50167

From the Street.com The Vultures Are Circling 9/20/00 12:23 PM ET From my ears to your eyes, my trading contacts are telling me they are in touch with sellers who are waiting for higher prices to initiate sales. This is never a good sign, and I am putting on some MNX puts for a trade. Remember, this is against some longs, so keep that in mind. The MNX, for those who can't access it, is simply a trading product which mimics the Nazzdogs. It trades .10 per dollar move of the NDX. It's a relatively new product, and we're giving a try as it is essentially a turbo QQQ. Next support in the S&P is the 1433 level, which I'm being told is huge. It's the trendline support from the 99 lows. This level, by the way, comes courtesy of the Moskowitz report. Just giving credit where credit's due.

To: Jerry Olson who wrote (33304)	9/21/2000 10:27:48 AM
From: James Strauss	Respond to of 50167

The Bottom... Are We There Yet??? *************************************************** OJ: On the 10 day NDX chart we can begin to see some rising bottoms with Williams %R in the overbought area... bigcharts.com The 6 month chart is beginning to show improving price and indicator patterns... bigcharts.com The New Lows on the NYSE and Nasdaq still outnumber the New Highs... finance.yahoo.com This hints at a possible intraday reversal in the next week in the NDX 3490 area... Jim