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To: dennis michael patterson who wrote (31761)	10/2/2000 7:40:13 PM
From: Kip518	Read Replies (1) \| Respond to of 42787

wanna worry? gad, NDX 2500!! I have already spoken of the Bump and Run Reversal. It also appears that a large Measured (Bear) Move could be forming. This pattern is made up of three parts: a decline, a retracement and a decline equal to the first. The first decline took the index from 4816 to 2897, a total of 1919 points. The retracement recovered about 62% of that decline and formed a rising wedge. The pattern's second decline can be confirmed when support from the retracement pattern is broken, which looks like today (Friday - 29-Sept). If this is the case, then the expected decline is 1919 (4916 - 2897) from the high of the retracement. A decline of 1919 from the retracement high at 4147 targets 2228, which fits nicely with the Dec-94 trendline, the Apr-99 support line and the 62% retracement at 2500. While trendline breaks can offer quicker signals, I would look for new reaction lows for confirmation. Over the last 3 weeks, the Nasdaq 100 traded mostly between 3500 and 3800. I consider the low of a 3-week consolidation zone a fairly significant support level. Therefore, a break below 3500 could be quite significant. stockcharts.com

To: dennis michael patterson who wrote (31761)	10/2/2000 7:42:44 PM
From: bobby beara	Read Replies (1) \| Respond to of 42787

ya maybe, but they might have to make the dot in dot com a little smaller furst -g- we'll see - the dot is sitting right on slightly rising horizontal support from last october, i'm thinking all those buyers that were hoping for a return of dot com mania will go from denial, now anxiety to capitulation and send dot com mania towards the october 98 lows. this thing could find support here and try to rally a bit, but i won't believe it till they put a couple of white candles back to back.