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To: re3 who wrote (26383)	10/10/2000 3:46:28 PM
From: LLCF	Respond to of 436258

Chart service I use: NASDAQ NEARS OVERSOLD…We do note, however, that weekly stochastics readings on the Nasdaq are nearing oversold conditions. The faster (%K) line has reached 13%, the lowest reading since the week of May 21. The slower (%D) line, however, is currently at 21% -- not quite in oversold territory (which is a reading of under 20%). Mon, Oct 9, 2000 - Quiet Trading NASDAQ TRIES TO BOUNCE…The most notable day's development was the attempt by the Nasdaq to rally from an early selloff. Chartwise, we still think the Nasdaq Composite will probably test its May low near 3040. If the Nasdaq does bounce some more, initial overhead resistance lurks at last Thursday's intra-day high at 3549. A move above that level would be the first thing we'd need to see to convince us that a short-term bottom might be forming. Any significant bottom in the Nasdaq would also have to be accompanied by strong volume. That's unlikely in holiday trading. DAK