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To: marcher who wrote (31400)	10/26/2000 3:27:37 AM
From: Andy Thomas	Respond to of 436258

buy msft only when it falls below book value but not a moment sooner... andy

To: marcher who wrote (31400)	10/26/2000 11:20:26 AM
From: Les H	Respond to of 436258

Microsoft appears to have completed a 5-wave decline. The first leg was about 35 points to 85. The next leg down to 60 was about 150% of the first downleg. This third and final leg down to 48 was the same length as the first downleg. 66 should be resistance since it retraces 50 percent of the most recent downleg. I should remove Microsoft from my profile since I need to make a new buy list. I have new confirmed sell signals on the market so I expect that this sell-off of a further 10-20 percent will continue into next week or even into the election. The signal is especially strong on the Nasdaq 100 since over 80 percent of the signals are confirmed by negative price-volume momentum.